Episode 29. William Bernstein, MD
On this episode, I interviewed a physician investing legend, Dr. William Bernstein. He is a neurologist turned financial author and investment advisor. Now most of us will not be able to reach the asset threshold need for him to manage our money, but the good news is we don’t have to. He provides great advice for the rest of us also.
I have admired Dr. Bernstein’s approach to investing for many years and want to acknowledge him as one of the pioneers of index investing. His books are a must read for those who want to learn about financial history. Despite his tremendous expertise, he is very accessible and approachable and above all a teacher.
In this episode we discuss
- His basic advice to young physicians.
- What he recommends you do before investing.
- How you can construct a very simple yet effective portfolio
- His thoughts on cryptocurrency
- How does the FIRE movement affect asset allocation/savings rate?
- Whether or not most physicians need a financial adviso
Dr. Bernstein’s website is efficientfrontier.com On it there are great resources for beginning your financial education from beginner to more advanced levels.
Join our email list or private facebook group and I will let you know how to get a copy of his book If you can for free for kindle. Although even if you listen to this podcast later and it is no longer free, this book is high value advice for very nominal amount.
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