Scott Mitchell
Person
Former American professional football quarterback best known for his years with the Miami Dolphins and Detroit Lions. He had several productive seasons in Detroit, including a campaign with roughly 4,000 passing yards.
Works by Scott Mitchell
What Scott Mitchell has said on podcasts
41 statements
A market crash will occur.
“There's a crash coming.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 1:18
A market crash will occur.
“There's a crash coming. Of course there is.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 1:18
Most people should avoid buying individual shares.
“Most people shouldn't be buying shares individually.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 1:21
Property is not particularly attractive as an investment.
“I don't think property as an investment is particularly attractive.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 1:23
Invest despite uncertainty about near-term market movements.
“Invest anyway, because I don't know what happens next.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 1:34
Human evolutionary biology makes investing behavior difficult.
“Humans aren't built to invest biologically.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 5:06
Most people should avoid individual shares and SMSFs.
“Most people shouldn't be buying shares individually and most people shouldn't have SMSFs.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 9:20
Most people should default to diversified ETFs.
“the default should be ETFs for most people”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 10:18
Poor stock picking leaves investors worse off.
“if you pick stocks badly, you'll be worse off.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 10:55
Investors unable or unwilling to pick stocks should buy ETFs instead.
“if you can't do it, you don't want to do it, you're not very good at it, then buy an ETF and go fishing 100% every day.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 11:08
Money stress is the largest contributor to relationship breakdowns.
“money stress is the largest contributor to relationship breakdowns.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 13:39
Scott and his wife aim to replace employment income through investments.
“we want to replace our incomes”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 16:32
Productivity growth has generated substantial prosperity and wealth.
“we've generated massive amounts of prosperity and wealth because we've been more productive.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 18:34
Human ingenuity and productivity have not peaked and will continue rising.
“No, of course we haven't. We are going up.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 19:44
New solutions to problems will create economic value.
“we will create value doing that.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 20:43
Large listed companies are likely to capture future technology-driven value.
“that's likely to be predominantly captured by large companies listed on stock markets around the world.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 20:45
Regular investing helps investors avoid market timing.
“You can avoid trying to time the market.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 22:45
An emergency fund is more important than investing.
“More important than investing is having that emergency fund”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 24:25
People should build an emergency fund before investing.
“I still would build the emergency fund.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 24:57
Consistent basic financial habits are generally sufficient over time.
“Do the simple things reasonably well most of the time for a long enough period of time.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 26:32
Most people can improve financially using basic investing guidance without planners.
“95% of us should be able to grab my book or any decent— listen to a great podcast called Equity Mates and take the lessons from that and do them and be better off.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 27:24
Shares are likely to provide greater benefits than other asset classes.
“the benefits of shares to my mind far outweigh the likely future benefits of other asset classes.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 28:35
Equities will deliver better returns than alternatives.
“I think equities will deliver better returns.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 29:07
Investors should generally start with equities.
“for me, I don't know why you would start anywhere else personally”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 29:22
Most thematic ETFs fail the five-step evaluation test.
“Most of them.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 30:29
ASX thematic ETFs provide access to overseas companies unavailable locally.
“buying a thematic ETF on the ASX is a great way to get access to those companies if you want them.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 31:40
A real trend alone does not justify buying its ETF.
“The trend is real, therefore I should buy the ETF.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 31:52
Property is not particularly attractive as an investment.
“I don't think property as an investment's particularly attractive.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 34:02
A home is highly valuable as shelter and a place to live.
“property to live in, to have your life in a shelter, super valuable.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 34:06
Australian median house prices rose about 6.56% annually over 30 years.
“Over the last 30 years, property's gone up at 6.56%, I think it is a year”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 34:34
Australian wages rose 4% over the same 30-year period.
“Wages have gone up 4% over that period of time.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 34:42
Property price growth must eventually converge with wage growth.
“prices must— the growth in prices must converge with growth in wages.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 36:14
Listed company profits and share prices have higher long-term growth potential than property.
“The ceiling on listed company profits and therefore listed company share prices is far higher in long-term average growth than property almost entirely.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 37:35
Leverage magnifies both investment gains and losses.
“Leverage magnifies gains and losses.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 38:57
Leveraged ETFs should generally be avoided at average or high market levels.
“Would I want to get into a leveraged ETF at an average market level or higher? Probably not”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 39:09
Leveraged ETFs magnify investment risk.
“I don't mind leveraged ETFs as a concept, but they do magnify the risk”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 40:21
Leveraged ETFs encourage risky short-term behavior among most users.
“most people are going to use them for a quick buck and it encourages the behaviour.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 40:27
Most apparently bad investment entry points over 30 years were not actually bad.
“almost every point in the last 30 years that looked like a bad time to invest wasn't a bad time to invest.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 43:55
Long-term compounding creates substantial wealth.
“the long-term story is that compound wealth creation is phenomenally powerful.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 45:14
$10,000 grew to $130,000 over the last 30 years.
“$10,000 to $130,000 over the last 30 years.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 45:20
Staying invested through the crisis multiplied investors’ money two- or threefold.
“if you just stayed the course, you made 2 or 3 times your money.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 47:11
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
2 episodes featuring Scott Mitchell
Equity Mates Investing Podcast
Scott Phillips makes the case for boring investing
The episode tests whether simple, diversified investing can outperform the emotional pull of stock picking, property speculation, and market timing.
Sep 28, 2026 · 50 min
Fearless with Jason Whitlock
Drake Maye’s collapse intensifies pressure on Mike Vrabel
New England’s narrow loss raises questions about whether Maye’s turnover problems are temporary growing pains or a deeper quarterback concern for Vrabel.
Sep 10, 2026 · 60 min