Podcast appearances and mentions of william bernstein

Today, I'm speaking with William Bernstein. Bill is a renowned investment advisor, author, and retired neurologist. He's the co-founder of Efficient Frontier Advisors, a leading voice in the world of personal finance, and the author of several acclaimed books, including The Four Pillars of Investing, The Investor's Manifesto, and The Intelligent Asset Allocator.  With a unique background in neurology and finance, Bill brings a practical and evidence-based perspective to long-term investing, risk management, and financial behavior—especially for retirees and those nearing retirement. You'll hear why Bill believes the purpose of money isn't to buy things—it's to purchase autonomy, time, and peace of mind. In our conversation, we explore what it really means to "win the game" of investing—and why continuing to play after you've won could jeopardize your retirement security. Bill breaks down the risks investors often overlook, including deep risk versus shallow risk, the need versus capacity and tolerance framework, and why having a basic understanding of financial history is an underrated skill set. They also discuss how aging affects investment decisions, how burn rate should influence equity allocation, and why a purposeful retirement plan extends far beyond growing net worth.  GET FREE ACCESS TO WILLIAM BERNSTEIN'S BOOK TITLED, THE FOUR PILLARS OF INVESTING Here's all you have to do... Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes. Step 2.) Text the word BOOK to 866-599-4491 and we'll make sure you get signed up for free. It's that simple! In this podcast interview, you'll learn: Why investors should reduce risk once they've “won the game”—and what that means in real terms. The critical differences between deep risk and shallow risk, and how to guard against both. How age and withdrawal rate should shape your stock-to-bond ratio in retirement. Why Treasury Inflation-Protected Securities (TIPS) can play a key role in risk management. The emotional traps investors fall into—and why historical financial knowledge is a great asset. What purpose in retirement really looks like—and why forging connections may be more valuable than money. Show Notes: HowardBailey.com/510

In this episode, we welcome back Rob Carrick—one of Canada's most trusted personal finance journalists—for his third appearance on the Rational Reminder podcast. Rob recently retired after an incredible 27-year career at The Globe and Mail, where he shaped how millions of Canadians think about investing, advice, and their money habits. Rob joins Ben, Cameron, and Dan to reflect on the biggest lessons from his decades-long career, the state of Canadian financial advice today, and why young Canadians face headwinds unlike any previous generation. From the shift from mutual funds to ETFs and the rise of DIY investing to the dangers of overestimating stock returns and underestimating inflation's bite—Rob shares practical, timeless wisdom for every generation of investor. We also hear Rob's frank thoughts on how the financial industry fails seniors, why Canadians stick with the big banks despite better options, and what stay the course really means when markets inevitably crash again.    Key Points From This Episode: (0:00:04) Rob Carrick returns for his third appearance, marking his retirement from The Globe and Mail (0:06:39) Why it's harder than ever to be good with money in the social media age (0:08:19) How longer lifespans are reshaping traditional retirement timelines (0:09:51) The evolution of financial advice: from mutual fund sales to real planning (0:11:45) How regulation, ETFs, and self-interest changed the advisory industry (0:12:45) The rise of DIY investing in Canada: from brokers to discount online platforms (0:14:51) Why some investors still struggle to embrace ETFs (0:17:11) The flip side of frictionless DIY investing—when simplicity fuels speculation (0:18:19) How realistic are today's stock return expectations? (0:20:03) The true challenge isn't average returns—it's enduring the volatility (0:24:01) Why staying the course should really mean buying the dip (0:26:04) The generational reality check: how boomers bought homes and why today's young people can't (0:29:03) How advisors can adjust advice for younger clients facing new headwinds (0:31:39) Should 25-year-olds give up or go all in? Rob's advice for young investors (0:35:29) The myth of home-run investing and why steady, boring investing works (0:37:04) Why inflation has done more damage than any stock market crash (0:39:50) How the financial industry ignores seniors—and what needs to change (0:43:32) Canadians' blind loyalty to big banks and why you should try an alternative (0:46:29) How Rob will define success in retirement—and his parting advice for listeners Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemind Rational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Dan Bortolotti — https://pwlcapital.com/our-team/ Dan Bortolotti on LinkedIn — https://ca.linkedin.com/in/dan-bortolotti-8a482310 Cameron Passmore — https://pwlcapital.com/our-team/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Episode 108: William Bernstein - https://rationalreminder.ca/podcast/108

Investi con ⁠⁠⁠⁠⁠⁠⁠⁠Scalable⁠⁠⁠⁠⁠⁠⁠⁠, 25€ di bonus per i nuovi clienti (*) (#adv). I 4 Pilastri dell'Investimento è uno dei capolavori assoluti della letteratura finanziaria e il suo autore, Dr. William Bernstein, è diventato un'autorità mondiale nel mondo della finanza personale. Con lui abbiamo parlato dei 4 pilastri, di asset allocation, di gestione dei veri rischi quando si investe e tanto altro. The Best of Jonathan Clements =============================================== Prova gratis la newsletter di ⁠⁠DataTrek⁠⁠ per 15 giorni. Investi con ⁠⁠⁠⁠⁠⁠⁠⁠Fineco⁠⁠⁠⁠⁠⁠⁠⁠, 60 trade gratis nei primi tre mesi con il codice ⁠⁠⁠⁠⁠⁠⁠⁠TRD060-TB⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠4Books⁠⁠⁠⁠⁠⁠⁠⁠ premium gratis fino al 31/05/2025 Investi con ⁠⁠⁠⁠⁠⁠⁠Scalable⁠⁠⁠⁠⁠⁠⁠, 3,5% di interessi sulla liquidità (**) Naviga in totale sicurezza con ⁠⁠⁠⁠⁠⁠NordVPN⁠⁠⁠⁠⁠⁠ I link sono sponsorizzati e l'Autore potrebbe percepire una commissione. (*) fino al 04/06/2025, si applicano termini e condizioni. (**) fino al 31/12/2025, offerta valida per i nuovi clienti. Si applicano termini e condizioni. =============================================== ATTENZIONE: I contenuti di questo canale hanno esclusivamente finalità di informare e intrattenere. Le informazioni fornite sul canale hanno valore indicativo e non sono complete circa le caratteristiche dei prodotti menzionati. Chiunque ne faccia uso per fini diversi da quelli puramente informativi cui sono destinati, se ne assume la piena responsabilità. Tutti i riferimenti a singoli strumenti finanziari non devono essere intesi come attività di consulenza in materia di investimenti, né come invito all'acquisto dei prodotti o servizi menzionati. Investire comporta il rischio di perdere il proprio capitale. Investi solo se sei consapevole dei rischi che stai correndo. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Four Pillars of Investing is one of the absolute masterpieces of financial literature, and its author, Dr. William Bernstein, has become a global authority in the world of personal finance. We spoke with him about the Four Pillars, asset allocation, managing real investment risks, and much more. ⁠The Best of Jonathan Clements⁠ =============================================== Prova gratis la newsletter di ⁠⁠⁠DataTrek⁠⁠⁠ per 15 giorni. Investi con ⁠⁠⁠⁠⁠⁠⁠⁠⁠Fineco⁠⁠⁠⁠⁠⁠⁠⁠⁠, 60 trade gratis nei primi tre mesi con il codice ⁠⁠⁠⁠⁠⁠⁠⁠⁠TRD060-TB⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠4Books⁠⁠⁠⁠⁠⁠⁠⁠⁠ premium gratis fino al 31/05/2025 Investi con ⁠⁠⁠⁠⁠⁠⁠⁠Scalable⁠⁠⁠⁠⁠⁠⁠⁠, 3,5% di interessi sulla liquidità (**) Naviga in totale sicurezza con ⁠⁠⁠⁠⁠⁠⁠NordVPN⁠⁠⁠⁠⁠⁠⁠ I link sono sponsorizzati e l'Autore potrebbe percepire una commissione. (*) fino al 04/06/2025, si applicano termini e condizioni. (**) fino al 31/12/2025, offerta valida per i nuovi clienti. Si applicano termini e condizioni. =============================================== ATTENZIONE: I contenuti di questo canale hanno esclusivamente finalità di informare e intrattenere. Le informazioni fornite sul canale hanno valore indicativo e non sono complete circa le caratteristiche dei prodotti menzionati. Chiunque ne faccia uso per fini diversi da quelli puramente informativi cui sono destinati, se ne assume la piena responsabilità. Tutti i riferimenti a singoli strumenti finanziari non devono essere intesi come attività di consulenza in materia di investimenti, né come invito all'acquisto dei prodotti o servizi menzionati. Investire comporta il rischio di perdere il proprio capitale. Investi solo se sei consapevole dei rischi che stai correndo. Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a textWhy do harmful policies like tariffs keep coming back despite universal condemnation from economists? The answer lies in the dynamics of collective action and concentrated interests.In this eye-opening conversation with G. Patrick Lynch, Senior Fellow at Liberty Fund, Mike Munger explores the fascinating world of public choice theory and how it explains some of democracy's most persistent puzzles. Lynch, a self-described "popularizer of public choice," breaks down complex economic principles into digestible insights about political behavior.The discussion begins with the foundations of public choice theory—the application of economic reasoning to political decisions. Far from portraying politicians as uniquely self-interested, public choice simply acknowledges that all humans respond to incentives, whether in markets or politics. As Lynch explains, "It's a mistake to characterize public choice as people being just materially self-interested." Even Mother Teresa was pursuing her goals single-mindedly—the definition of self-interest properly understood.When the conversation turns to tariffs, Lynch delivers a masterclass in why bad policies persist. Manufacturing interests receive concentrated benefits and organize effectively, while consumers bear diffuse costs. "That $70,000 job costs consumers $210,000 to $250,000 in increased prices," Munger notes. But since an individual consumer might pay just pennies more per purchase, they won't mobilize political opposition.Perhaps most fascinating is the exploration of Elinor Ostrom's Nobel Prize-winning work on common-pool resources. Conventional wisdom suggested that without government intervention, shared resources face inevitable destruction through overuse. Yet Ostrom discovered countless examples worldwide where communities developed sophisticated management systems to sustain resources over generations.If you've ever wondered why policies that economists universally condemn keep returning, or why small groups seem to dominate our politics despite majority rule, this conversation offers profound and sometimes unsettling answers. Subscribe now for more insights that will transform how you understand politics, economics, and collective decision-making.LINKS:G. Patrick Lynch:https://www.econlib.org/author/plynch/ https://www.civitasinstitute.org/research/the-young-americas-need-each-other https://lawliberty.org/author/patrick-lynch/https://lawliberty.org/book-review/public-choice-with-chinese-characteristics/ Shaggy Dog story: https://www.phrases.org.uk/meanings/shaggy-dog-story.html The ORIGINAL Shaggy Dog story:  https://stephengreensted.wordpress.com/2011/01/20/the-original-shaggy-dog-joke/Book'o'da Month:    Two Books, both by William Bernstein. The Birth of Plenty: How the Prosperity of the Modern World was Created. McGraw-Hill, New York, 2004, If you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com ! You can follow Mike Munger on Twitter at @mungowitz

Today on the podcast we welcome back Cullen Roche. Cullen is the founder and chief investment officer of the Discipline Funds, which manages the Discipline Fund ETF. In addition, he heads up Orcam Group, a registered investment advisory firm he established in 2012. He's authored several books, including Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance, and he has a new book coming out next year called Your Perfect Portfolio. Cullen started his career as an advisor at Merrill Lynch and worked at an event-driven hedge fund before starting his RIA firm. He received his bachelor's degree in finance from Georgetown University's McDonough School of Business. Cullen, welcome back to The Long View.BackgroundBioDiscipline FundsDiscipline Fund ETFPragmatic Capitalism: What Every Investor Needs to Know About Money and FinanceYour Perfect PortfolioTariffs and Recession“Let's Talk About Tariffs,” by Cullen Roche, disciplinefunds.com, Feb. 3, 2025.“Weekend Reading—How Did We Get Here?” by Cullen Roche, disciplinefunds.com, April 4, 2025.“Three Things—Tariffs, Of Course,” by Cullen Roche, disciplinefunds.com, April 7, 2025.“American Economic Association 2021-2022 Universal Academic Questionnaire Summary Statistics,” by Charles E. Scott and John J. Siegfried, jstor.org.“Three Things—Is a Recession Coming?” by Cullen Roche, disciplinefunds.com, Feb. 8, 2025.Defined Duration Investing“What Is Defined Duration Investing?” by Cullen Roche, disciplinefunds.com, Feb. 21, 2023.“Defined Duration Investing,” by Cullen Roche, paper.ssrn.com, Aug. 8, 2022.The Fed and Global Investing“Three Things—State of the Markets,” by Cullen Roche, disciplinefunds.com, Feb. 22, 2025.“Why Is International Investing Working Again?” by Cullen Roche, disciplinefunds.com, March 26, 2025.“Three Things—Weekend Reading,” by Cullen Roche, disciplinefunds.com, April 19, 2025.Other“Cullen Roche: Macro Is About Understanding the World for What It Is,” The Long View podcast, Morningstar.com, Jan. 11, 2022.Milton Friedman“NY Empire State Index: Meaning, Benefits, Example,” by Adam Hayes, Investopedia.com, June 30, 2022.William Bernstein's No-Brainer PortfolioMeb FaberThe Humble Investor, by Dan Rasmussen

Combining technical skill with a strong aesthetic, flameworking pioneer Sally Prasch is known for her work that places other-worldly figures in glowing globes filled with rare gasses. She has also constructed portraits from broken shards of glass and is well known for her goblets made with coiled stems that allow them to bounce when handled. Her latest work incorporates cast bronze with glass. But perhaps Prasch's greatest fulfillment has come from teaching. She has taught flameworking workshops at UrbanGlass, Brooklyn; the famous Niijima Glass School, Japan; Pilchuck Glass School, Stanwood, WA; Penland School of Craft, Penland, NC; Pittsburgh Glass Center, Pittsburgh, PA; Grove Gas & Light Co, University of CA, San Diego, CA; Ingalena Klenell's Studio, Sweden, and many more. States Prasch: “Teaching has always been a part of my life. My parents were teachers, and both my brother and sister have also been teachers. Lloyd Moore, my first teacher, found it very important not to have any secrets but to share your knowledge with others – share your love of glass and making things. He taught thousands of people, and I continue in his tradition. Lloyd started me teaching at age 15. It was scary for me to teach adults, but made me practice things over and over again. We started people on soft glass tubing and then worked them up to borosilicate.”  Prasch began her career at age 13 with Moore working as a part-time apprentice at the University of Nebraska and then worked as a glassblowing instructor for the City of Lincoln Recreation Department. Later on, she took workshops from some of the best glassblowers of the time including William Bernstein, Ray Schultz, and Lino Tagliapietra. She attended the University of Kansas from 1977 to 1980 and received a Bachelor's Degree in Fine Art in Glass and Ceramics.  After college, Prasch started her glass art business that is still active today. She soon began to receive recognition for her artistic work and was selected for the Corning Museum of Glass' New Glass Review in 1993. The artist has been attending Glass Art Society (GAS) Conferences since 1978 and continues to participate by giving demonstrations and lec-moes, serving on the GAS Advisory Board and working with the organization's History Committee. In 1985, Prasch received her Certificate in Scientific Glass Technology from Salem Community College (SCC), Carneys Point, New Jersey. Soon afterwards, she obtained a position with AT&T doing large quartz work for the semiconductor industry. Continuing with her studies, Prasch earned her degree in Applied Science from SCC in 1986. Later that year she got a job as a scientific glassblower and glass instructor at the University of Massachusetts. She has worked as a scientific glassblower at the University of Massachusetts, Amherst (UMass Amherst), Syracuse University, and the University of Vermont, Burlington.  Currently, Prasch is the scientific glassblower and also teaches Scientific Glassblowing and the Properties of Glass to graduate students in Chemistry, Art and Physics at University of Massachusetts, Amherst. She is a member of the American Scientific Glassblowers Society (ASGS) and the director of the Northeast section. Her ASGS experience includes participating in seminars on such subjects like vacuum technology, quartz technology, and glass sealing. She has instructed a neon class with David Wilson, presented a paper on her work with the discovery of the gravitational wave, and co-chaired symposiums.  In 2025, Prasch will exhibit her work in Glass Lifeforms at the Pittsburgh Glass Center, opening February 7 and running through April 20. Her work will also be on view in Glasstastic at the Brattleboro Art Museum, Brattleboro, VT, March 22 through November 1. The artist will teach at the Pittsburgh Glass Center, Pittsburgh, PA, from July 28 – August 1. After curating the annual glass exhibit at Leverett Crafts and Arts in Leverett, MA for the month of November, Prasch will have a one-week fall residency with George Kennard at SCC, as well as a residency at the University of Massachusetts, Amherst. In 2026, the Herter main gallery at UMass Amherst will host a solo exhibit of Prasch's work from January 29 through May 8. The opening will take place Friday, April 24, 2026, from 5 to 7 p.m. with an artist talk from 6 to 6:30 p.m. Her work will also be on display at the Science Library and at the Durfee Conservatory at UMass during the show.  As Prasch develops new work, including pieces for Laura Donefer's 2026 Glass Fashion Show to be held at GAS, she continues to teach and fabricate scientific glassware at UMass. She says: “I have taught on average 25 students a month for my entire career, only taking a break during the pandemic. Obviously, teaching is a part of me, and I gain so much. It is not about teaching, not about glass, not about notoriety, not about pay – it is about the energy between people. It is about trust.”  UPCOMING EVENT LINKS Spring and Fall semester classes and weekend workshops at the University of Massachusetts – Amherst https://www.umass.edu/natural-sciences/research/scientific-glassblowing-laboratory February 7 – April 20, 2025 – Glass Lifeforms Exhibit, Pittsburgh Glass Center https://www.pittsburghglasscenter.org/event/exhibition-lifeforms/ March 22 – November 1, 2025 – Glasstastic, Brattleboro Art Museum, Brattleboro VT https://www.brattleboromuseum.org/2024/09/06/glasstastic-2025/ March 21 – 23, 2025 – International Flameworking Conference, Salem Community College, Carneys Point, NJ https://www.salemcc.edu/glass/international-flameworking-conference April 5, 2025 – Northeast American Scientific Glassblowers Section Meeting, Cornell University https://northeast.asgs-glass.org/ May 14 – 17, 2025 –Glass Art Society Conference https://www.glassart.org/conference/texas-2025/ July 28 – August 1, 2025 – Teaching at the Pittsburgh Glass Center, Pittsburgh PA https://canvas.pittsburghglasscenter.org/classes/1632 Fall, 2025 – one week residency with George Kennard at Salem Community College, Carneys Point, NJ https://www.salemcc.edu/glass Fall, 2025 – one week residency at the University of Massachusetts https://www.umass.edu/natural-sciences/research/scientific-glassblowing-laboratory January 29 – May 8, 2026 – Exhibit at the Herter Gallery, University of Massachusetts, Amherst Opening April 24, 5 – 7 p.m. with artist talk 6:00 – 6:30pm https://www.umass.edu/herterartgallery/herter-art-gallery January 29 – May 8, 2026 Exhibit at the Science and Engineering Library and the Durfee Conservatory https://www.library.umass.edu/sel/ https://www.umass.edu/natural-sciences/research/greenhouses/durfee-conservatory  

Something mysterious has been going down in New Jersey this week…but it's NOT drones. It's that thousands of people are looking at airplanes in the night sky and thinking they see UFOs. What causes mass delusions like this wave of now mostly debunked drone sightings? In this concluding episode of How We Got Here, Max and Erin share four stories of famous mass hysterias and talk to William Bernstein, an author who writes about the science of mass delusions and why they happen.

In this episode we answer email from Pankaj, Matthias and Iain.  We discuss the simple path to withdrawals when you are over-saved and the over-complications of the over-saved, reprise some information about leveraged accumulation portfolios and provide some tips for a U.K listener.Links:Interview of Jim Grubman: Dr. Jim Grubman: The Psychology of Wealth | Rational Reminder 282PensionCraft YouTube Channel:  What Is The Safe Withdrawal Rate In Retirement?Many Happy Returns Podcast:  Building a Bulletproof Retirement Portfolio, with Tyler from Portfolio Charts - Many Happy ReturnsAmusing Unedited AI-Bot Summary:  Could a simple tweak to your investment strategy unlock enhanced withdrawal rates and bolster your legacy savings? We unravel the misconceptions surrounding risk parity portfolios and explore how they truly aim to balance asset risk profiles, not just maximize safe withdrawal rates. Discover innovative portfolios like the golden butterfly and golden ratio designed to potentially boost your financial freedom, especially if your spending is comfortably below 3%. For those more focused on long-term growth, we share Warren Buffett's straightforward approach: a mix of 90% S&P 500 and 10% T-bills. Join us as we also highlight the conservative investment habits of financial minds like William Bernstein and Bill Bengen, and the irony of their attraction to simplicity amidst complex financial strategies. We explore the power of leveraging portfolios for high risk tolerance investors with long horizons, discussing how concentration and leverage could elevate your returns. Practical advice on setting up a leveraged portfolio is on the docket, along with the risks you need to consider. Remember, this engaging episode is purely for your entertainment and enlightenment, not financial guidance.Support the show

As this podcast is being released on Thanksgiving Day Paul begins by thanking those people who choose to follow the Foundation's work, those who forward our articles, podcasts and videos to others, and those who donate time and money to the Foundation. He also addresses the challenges of living at three different homes (Bainbridge Island, Portland and Rancho Mirage) in 2024.  We know some donations have been lost in the mail.   Our concern is people will declare a charitable deduction that did not actually happen.  By the way, the permanent address of the Foundation is now - 2445 NW Westover Road #311, Portland, Oregon 97210. Paul comments on his challenges in recommending cryptocurrency. Finally he discusses the life changing impact of goal setting.   The following are articles and videos on goal setting from some of the Truth Tellers Paul recommends. Jim Dahle writes to young doctors but the information is usually good for all people who are putting together a financial plan. The Power of Focus in Your Financial Life Jonathan Clements is struggling with cancer and for anyone facing death sooner than expected, and the goal setting that might be considered, I think you will find his journey worth reading. The C Word. William Bernstein has recently updated his best selling , “The Four Pillars of Investing.”  In this short introduction you will hopefully decided it's worth reading the rest of the book. Here is a podcast that you won't want to miss.  Larry Swedroe is interviewed by another Truth Teller, Ben Felix and Cameron Passmore.  The book they discuss has been updated since the interview.  "Your Complete Guide to a Successful and Secure Retirement" is one of the best books I know for those trying to address the many important retirement goals.  While Christine Benz is the Director of Personal Finance at Morningstar I thought it might be interesting to get her take on the non-financial plans we should consider.  Her new book has  become a best seller.  How to Retire: 20 lessons for a happy, successful, and wealthy retirement.

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Dan Solin is the New York Times bestselling author of the Smartest series of books, which include The Smartest Investment Book You'll Ever Read, The Smartest 401(k) Book You'll Ever Read, The Smartest Retirement Book You'll Ever Read, The Smartest Portfolio You'll Ever Own, The Smartest Sales Book You'll Ever Read and The Smartest Money Book You'll Ever Read. He is also the author of Ask: How to Relate to Anyone and Does Your Broker Owe You Money? In 2005, he testified as an investor advocate before the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises of the Committee on Financial Services in the U.S. House of Representatives. His latest book is Wealthier: The Investing Field Guide for Millennials. The website for Wealthier is https://wealthierbook.com. Dan is a regular blogger for Advisor Perspectives. Dan graduated from Johns Hopkins University and the University of Pennsylvania Law School.   He practiced law in New York City for many years before retiring. As an attorney, he represented many investors harmed by the misconduct of brokers. He was formerly a registered investment advisor with several prominent advisory firms. He resides in Bonita Springs, FL with his wife, Patricia.   In this episode Luis and Dan discuss:   ·        Why investing does not need to be complicated ·        Tips for Millennials and anyone getting started in their financial journey ·        How to eliminate distractions in life and get focused on your goals ·        Focusing on what matters most   And much more….. Resources: Get the book: Wealthier – The Investing Field Guide for Millennials Follow Dan on Facebook Connect with Dan on LinkedIn Follow Dan on Instagram Follow Dan on X Follow Dan on Tik Tok Get Dan's Books on Amazon Find a financial advisor on the XYPN Planning Network Get The Little Book of Common Sense Investing by Jack Bogle on Amazon Get the If You Can book by William Bernstein on Amazon

Today we talk with a nurse who is currently in school to become a CRNA and is officially a millionaire. Roughly 10 years ago he and his wife took control of their finances. He said there was some tough conversations as they educated themselves about how to become financially literate and what their goals should be and how to reach them. But once they were on the same page they were able to start crushing their goals. Their big goal was to be millionaires by 40 and they got there a few years early. He is now passionate about giving back both financially and educating coworkers about how to get started with taking control of their financial life. After the interview Dr. Dahle gives his thoughts on how to get started for finance 101. We estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://whitecoatinvestor.com/financial-advisors. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com  Student Loan Advice: https://studentloanadvice.com  YouTube: https://www.whitecoatinvestor.com/youtube  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

This doc made it back to broke only one year out of training. He was diligent about tracking his spending since med school and he attributes much of his success to having a plan and sticking to it. He said he definitely felt the temptation of lifestyle creep once he started seeing his paychecks but reminding himself that sticking to the plan was the best thing he could do for himself and his future self helped him stick to it! His advice to you? Make a budget, be on the same page as your partner, max out your retirement savings and know that if you stick to the plan time will work in your favor. After the interview we will talk about the difference between term life insurance and whole life insurance for finance 101. We estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://whitecoatinvestor.com/financial-advisors. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones Main Website: https://www.whitecoatinvestor.com  Student Loan Advice: https://studentloanadvice.com  YouTube: https://www.whitecoatinvestor.com/youtube  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

What does it mean to be a long-term investor? In this special mash up episode, all the show's guests from the past year weigh in.   Listen now to hear from Ben Carlson, Taylor Schulte, Burton Malkiel, Phil Huber, Rubin Miller, Dasarte Yarnway, Robin Powell, Brian King, Jeremy Schwartz, Rick Ferri, Mike Piper, Carl Richards, Ashby Daniels, Polina Pompliano, Mathieu Pellerin, John Jennings, Cait Howerton, Tyler Olson, Jesse Cramer, Meir Statman, Susan Jones, Hal Hershfield, William Bernstein, and Peter Lazaroff.   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

During this episode, Financial Advisor and Associate Portfolio Manager Phil Briggs joins us to discuss the ‘cash wedge' financial strategy. He also shares his motivation for joining PWL Capital after kicking off his career in the banking industry. Next, Mark McGrath unpacks the four D's of tax planning and how to implement them in your future planning. We review a much-loved past episode featuring Dr. William Bernstein and unpack the principles taught in Seth Godin's latest book, The Song of Significance. During the aftershow, you'll hear about our recent explorations in the world of infinite banking, Admired Leadership, and more. In closing, we share some of our favourite reviews from guests all over the world and offer a glimpse of what's to come in upcoming conversations. Thanks for listening!    Key Points From This Episode:   (0:02:19) Phil's introduction to financial services and his decision to join PWL. (0:07:06)The role of the podcast in helping Philip to take the plunge and leave his role at the bank.  (0:09:35) What the ‘cash wedge' strategy is and how it supports financial planning for retirement.  (0:22:41) Stress-testing financial plans using the Monte Carlo simulation.  (0:25:10) Mark McGrath joins the show for this episode's Mark-to-Market segment. (0:29:54) Assessing which category RSPs fit into. (0:32:02) Past episode review: episode 108 with Dr. William Bernstein.  (0:34:22) Reviewing Seth Godin's book, The Song of Significance.  (0:29:11) Seth's principles on the road to significance. (0:39:53) The aftershow: infinite banking, Admired Leadership, and more. (0:42:43) Reviews from Canada, Australia, San Francisco, and beyond. (0:47:44) A teaser for two upcoming episodes.   Books From Today's Episode: The Song of Significance — https://www.amazon.com/Song-Significance-New-Manifesto-Teams/dp/0593715543 The Four Pillars of Investing — https://www.amazon.com/Four-Pillars-Investing-Second-Portfolio/dp/1264715919/ The Wealthy Barber — https://www.amazon.com/Wealthy-Barber-Updated-3rd-Commonsense/dp/0761513116   Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Philip Briggs on LinkedIn — https://www.linkedin.com/in/phillip-briggs-cfp%C2%AE-cim%C2%AE-362436125/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ ‘Sustainable Withdrawal Rates from Retirement Portfolios' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1969021 Megan McCoy on LinkedIn — https://www.linkedin.com/in/megan-mccoy-phd/ Episode 108 — https://rationalreminder.ca/podcast/108 Episode 226 — https://rationalreminder.ca/podcast/226 Episode 217 — https://rationalreminder.ca/podcast/217

William Bernstein, author of The Four Pillars of Investing, joins the show to talk about the most recent edition of his highly influential work.   Listen now and learn: What are the four pillars of investing The history of risk and common traits of a bubble Potentially attractive segments of the market   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Dr. William (Bill) Bernstein is a retired neurologist, author, investment adviser, and financial historian. His research is in the field of modern portfolio theory and economic history. Bill has published extensively on investing and economic history, including eight books and numerous articles. He holds a Ph.D. and an M.D. Bill is a repeat guest, first appearing in Episode 13. In this episode, we discuss Treasury Inflation Protected Securities (TIPS), asset allocation in today's uncertain world, four deep risks, and the cost of income inequality.     This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki.    Since 2000, the Bogleheads' have held national conferences in major cities around the country. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added on a regular basis. All Bogleheads activities are coordinated by volunteers who contribute their time and talent.     This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.  

Prepare for a journey that will arm you with timeless investing principles. This episode is set to demystify the complexities of investing as we unpack the enduring principles outlined in "The Four Pillars of Investing" by William Bernstein. We shed light on the intricate link between risk and reward, revealing why the brightest markets often yield the lowest returns, while the bleakest ones offer the highest. We also address the emotional turmoil that most investors face when grappling with the idea of higher risk for higher returns. Take a deeper look at the fascinating world of small and large cap stocks. We scrutinize their differences and dissect the historic trend of small cap stocks yielding higher long-term returns. As we navigate through this, we also touch on the potential implications of the US holding larger equity value than the rest of the world and the possible pitfalls this might pose for US investors. Discover the indispensable role of global diversification in maximizing returns and why it's crucial for every investor.  Surely, you've heard the phrase, "this time it's different"? We'll explore why this mindset can be an expensive mistake, drawing from the canal revolution in England as a case study. Join us as we delve into the dangers of market frenzy brought about by inexperienced investors, and how understanding the principles of security valuation can serve as your compass. We also illuminate how current market conditions may lead to a bubble and the protective shield indexing provides. Then, we delve into the universe of returns, pulling data from various indexes. Remember, understanding bear markets and staying committed to your allocation is critical for any investor. You won't want to miss this episode! (0:00:01) - Exploring the Four Pillars of Investing (0:13:01) - Small vs Large Cap Stocks (0:26:22) - Market Bubbles and Long-Term Data Understanding (0:37:44) - Understanding Risk and Return in Investing (0:46:30) - Contact and Sponsor Information for Podcast

BIO: William Bernstein is a neurologist, a co-founder of Efficient Frontier Advisors – an investment management firm, and has written several titles on finance and economic history.STORY: William lost money after investing in palladium futures under the belief that a couple of physicists had perfected the technique of cold fusion to get helium.LEARNING: Never invest based on the headlines. Something that everyone knows isn't worth knowing. “Something that everyone knows has already been pounded into the market, so it isn't worth knowing.”William Bernstein Guest profileWilliam Bernstein is a neurologist, a co-founder of Efficient Frontier Advisors – an investment management firm, and has written several titles on finance and economic history. He has contributed to the peer-reviewed finance literature and has written for several national publications, including Money Magazine and The Wall Street Journal.He has produced several finance titles and four volumes of history, The Birth of Plenty, A Splendid Exchange, Masters of the Word, and The Delusions of Crowds, about, respectively, the economic growth inflection of the early nineteenth century, the history of world trade, the effects of access to technology on human relations and politics, and the history and social psychology of mass manias. He was also the 2017 winner of the CFA Institute's James R. Vertin Award.Worst investment everAbout 35 years ago, a couple of physicists announced that they had perfected the technique of cold fusion, which enables you to take hydrogen atoms, smash them together, and get helium—the same thing that goes on in a hydrogen bomb. If that were the case, then it meant there was now a source of energy that was too cheap to meter. The limiting factor in that technique was palladium, which was the catalyst. So, palladium went from $100 to $400 an ounce. William thought it would be a good idea to buy palladium futures. He lost his money in that investment.Lessons learnedNever invest based on the headlines.Something that everyone knows isn't worth knowing.Andrew's takeawaysDon't be lured by the seductiveness of headlines.Actionable adviceStart slow, see how you react to the bear market, and find out your actual risk tolerance in the real world because there's a big gap between talking to talk and walking the walk.No.1 goal for the next 12 monthsWilliam's number one goal for the next 12 months is to read good nonfiction books and then write reviews.Parting words “Just keep buying.”William Bernstein [spp-transcript] Connect with William BernsteinWebsiteBooksAndrew's books

“The essence of investing is not maximizing returns, but rather maximizing odds of success.”  William Bernstein is a financial theorist, neurologist, and the best-selling author of “The Four Pillars of Investing: Lessons for Building a Winning Portfolio,” now in its second edition. Motley Fool Senior Advisor Robert Brokamp caught up with Bernstein to discuss: - Why a 2% real return is “quite spectacular” - The math and Shakespeare of investing - Why value stocks may have fallen out of fashion - What the history of the stock market reveals about modern bubbles Host: Robert Brokamp Guest: William Bernstein Producer: Ricky Mulvey Engineer: Rick Engdahl

This doc has been a White Coat Investor since he was a med student. He got started with his financial journey during residency and has hit financial milestones left and right. Less than 5 years after residency he has paid off his student loans, acquired several real estate properties, invested wisely and become a millionaire. If you want to follow in his path he recommends that you learn all you can, absorb everything you can, surround yourself with like minded people and work hard up front. After the interview we will talk about hitting the ground running for Finance 101. We estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://whitecoatinvestor.com/financial-advisors. You can do this and The White Coat Investor can help. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com  Student Loan Advice: https://studentloanadvice.com  YouTube: https://www.whitecoatinvestor.com/youtube  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

(8/11/23) The Summer Malaise (and associated heat) continues, with no Recession: Looking for a market pullback. This is not a normal economic cycle; what will holiday spending reveal? The impact of AI on productivity. Preparing against the worst possible outcome: Are you Spick or Kirk (or George Costanza)? Why the 4% Rule is wrong. The Wisdom of William Bernstein; minimizing the chances of dying poor. The new PE Ratio: Price to Emotion; dealing with longevity risk. Podcast preview and summer heat: Secure Act changes to IRA's: Why Roth is important to the IRS: They want your money now. Seg-1: Summer Malaise & No Recession SEG-2: Are You Prepared for the Worst? SEG-3: Minimizing Chances of Dying Poor SEG-4: Podcast Preview; Secure Act Changes to IRA's Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show, on our YouTube channel: https://www.youtube.com/watch?v=LNSSuF6uJ94&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "Why Bonds Are Best Bet" is here: https://www.youtube.com/watch?v=CrYwLlbxHUk&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "What Happens if Inflation Ticks-up?" https://www.youtube.com/watch?v=hI8G4pWDMr8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s -------- Articles mentioned in this report: "Stimulus and Consumption Are Fueling Economic Resilience" https://realinvestmentadvice.com/insights/real-investment-daily/ "The Market Is Detached From The Real Economy" https://realinvestmentadvice.com/the-market-is-detached-from-the-real-economy/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #Retirement #SecureAct #DyingPoor #LongevityRisk #WilliamBernstein #AI #Productivity #Markets #Money #Investing

(8/11/23) The Summer Malaise (and associated heat) continues, with no Recession: Looking for a market pullback. This is not a normal economic cycle; what will holiday spending reveal? The impact of AI on productivity.  Preparing against the worst possible outcome: Are you Spick or Kirk (or George Costanza)? Why the 4% Rule is wrong. The Wisdom of William Bernstein; minimizing the chances of dying poor. The new PE Ratio: Price to Emotion; dealing with longevity risk. Podcast preview and summer heat: Secure Act changes to IRA's: Why Roth is important to the IRS: They want your money now.  Seg-1: Summer Malaise & No Recession SEG-2: Are You Prepared for the Worst? SEG-3: Minimizing Chances of Dying Poor SEG-4: Podcast Preview; Secure Act Changes to IRA's   Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show,  on our YouTube channel:   https://www.youtube.com/watch?v=LNSSuF6uJ94&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "Why Bonds Are Best Bet" is here:  https://www.youtube.com/watch?v=CrYwLlbxHUk&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "What Happens if Inflation Ticks-up?" https://www.youtube.com/watch?v=hI8G4pWDMr8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s -------- Articles mentioned in this report: "Stimulus and Consumption Are Fueling Economic Resilience" https://realinvestmentadvice.com/insights/real-investment-daily/ "The Market Is Detached From The Real Economy" https://realinvestmentadvice.com/the-market-is-detached-from-the-real-economy/ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #Retirement #SecureAct #DyingPoor #LongevityRisk #WilliamBernstein #AI #Productivity #Markets #Money #Investing

CNBC's Bob Pisani spoke with Matt Hougan, CIO of Bitwise Investments, and William Bernstein, legendary author of The Four Pillars of Investing. With a key deadline looming ahead for the crypto community this week, our panel of experts discussed the odds of a spot bitcoin ETF being approved, and all the pitfalls and regulatory hurdles to come. Plus, Bill Bernstein broke down the second edition of his timeless investing classic.In the “Markets 102” portion, Bob continued the conversation with Matt Hougan from Bitwise Investments. 

In this episode we answer an email from Judy.  We discuss a 2013 Michael Kitces article about risk parity, which aspects we have incorporated and which we have not (and why), and then talk about an interview of William Bernstein about his new book and some related thoughts and ramifications about bonds, crystal balls, annuities and other things.  (Note:  I think I said it was the 4th edition, but its really just the 2d.)And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:2013 Michael Kitces Risk Parity Article:  Microsoft Word - Kitces Report November-December 2013 - RISK PARITY - FINALMorningstar Long View Interview of William Bernstein:  Bill Bernstein: Revisiting The Four Pillars of Investing | MorningstarMorningstar Long View Interview of Aswath Damodaran:  Aswath Damodaran: A Valuation Expert's Take on Inflation, Stock Buybacks, ESG, and More | MorningstarFactor Investing Book:  Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today by Andrew L Berkin | GoodreadsSupport the show

Today's returning guest is Dr. William Bernstein, a neurologist turned investment advisor. Bill's an author of several books and just released an updated edition of The Four Pillars of Investing, which came out over 20 years ago.  In today's episode, Dr. Bernstein shares two key updates since the first edition. Then we walk through some his best quotes and tie them to both timeless topics and current events like the AI craze and the media's love for star managers. Click here to listen to Dr. Bernstein's last appearance on the podcast. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Subscribe for free here. Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! 

These are confusing times for the economy and for financial markets—and for the relationship between the economy and financial markets. At the moment the economy is doing well. The labor market is still creating hundreds of thousands of jobs each month. Unemployment is low. Inflation has come down over the past year. And economic growth has been stronger than a great many economists and others had forecast heading into the year. But that's just how the economy is doing right now. What about six months from now? Or a year? Forecasting is always hard, and it may well be impossible. But economists sometimes look at “leading indicators” that are meant to give at least a sense of where the economy is headed. And some of those are flashing red, suggesting we might be headed for a recession in the near future. Then again, those same indicators have looked bad for a while now, and still the recession is nowhere in sight, so who knows. Meanwhile, look at the US stock market. It collapsed last year. But it's come roaring back this year—and this despite the Federal Reserve continuing to raise interest rates aggressively. Is the stock market now overpriced, too expensive? Is it underpriced, a good time to get in? And what happens if we do go into recession? What about bonds and other markets? What happened to crypto and all those meme stocks? Returning to the show to discuss all this and more is William Bernstein. Bill is the author of no fewer than three of Cardiff's favorite books on finance and the economy, including “The Four Pillars of Investing”, which just came out in a second edition roughly two decades after the first. It has all new updated information, data, and charts, plus the lessons learned in the intervening years. Related links:The Four Pillars of InvestingBill's other books and writings Hosted on Acast. See acast.com/privacy for more information.

On today's episode of The Long View podcast, we welcome back William Bernstein. This is Bill's third appearance on the podcast. In fact, he was our very first guest back when we started The Long View in 2019. Bill is a neurologist turned investment advisor. He is also the author of several books, including The Intelligent Asset Allocator, The Four Pillars of Investing, If You Can: How Millennials Can Get Rich Slowly, and The Delusion of Crowds. Bill has just come out with a new edition of The Four Pillars of Investing. So, we wanted to have him on to discuss the new book and what's changed since that book's original publication more than 20 years ago.BackgroundBioThe Four Pillars of Investing, Second EditionThe Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize RiskIf You Can: How Millennials Can Get Rich SlowlyThe Delusion of Crowds: Why People Go Mad in Groups“Bernstein: ‘I Don't Think the System Needs Nudges. I Think the System Needs Dynamite,'” The Long View podcast, Morningstar.com, May 7, 2019.“Bill Bernstein: We're Starting to See all of the Signs of a Bubble,” The Long View podcast, Morningstar.com, March 10, 2021.The Four Pillars of InvestingRobert KaplanWho Is Charlie Munger?Antti IlmanenExpected Returns: An Investor's Guide to Harvesting Market Rewards, by Antti Ilmanen“Bernstein's ‘4 Pillars of Investing' & How They Work To Boost Returns,” by Anupam Nagar, economictimes.indiatimes.com, July 31, 2021.“Are You Leaving Money on the Table From Your Funds' Returns?” by Amy Arnott, Morningstar.com, July 12, 2022.“William Bernstein on Deep Risk, Shallow Risk, and Investing for the Long-Term,” by Larry Frank, Sr., betterfinancialeducation.com, Aug. 24, 2022.Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street, by Fred SchwedRetirement“Playing Inflation Russian Roulette in Retirement,” by William Bernstein, advisorperspectives.com, Nov. 29, 2022.“Riskless at Age 104,” by William Bernstein, advisorperspectives.com, March 20, 2023.“William Bernstein on Holding Both Treasury Bonds and TIPS (or Savings I Bonds),” by Jonathan Ping, mymoneyblog.com, April 16, 2023.

Analizamos una por una las 17 reglas de oro de Harry Browne: Construya su riqueza a través de su carrera profesional. No asuma que puede recuperar su riqueza. Comprenda la diferencia entre invertir y especular. Manténgase alejado de los vendedores de riqueza. No espere que alguien pueda hacerle rico. No confíe en sistemas de trading. Invierta solo el dinero del que dispone. Tome sus propias decisiones. Haga solo aquello que entienda. Diversifique los riesgos. Construya una cartera a prueba de balas. Especule solo con el dinero que puede permitirse perder. Guarde algunos activos fuera de su país. Aproveche los planes con beneficios fiscales. Haga las preguntas correctas. No olvide disfrutar de la vida. Cuando dude, escoja el camino más seguro. Antiguos episodios Kapital: K27. Antonio Rico. El inversor tranquilo. Kapital es posible gracias a sus colaboradores: ⁠Indexa Capital⁠. Gestión pasiva en fondos indexados. Indexa Capital ofrece carteras de fondos y planes de pensiones indexados con diversificación global y con costes totales en torno a 0,60 % al año. Indexa es el gestor automatizado independiente líder en España, con 1.600 millones de euros gestionados, de más de 63.000 clientes. Si quieres, puedes abrirte una cuenta sin compromiso. Utiliza el enlace promocional de Kapital para beneficiarte de un descuento especial: 10.000 euros sin comisión de Indexa durante el primer año. ⁠Barcelona Finance School⁠⁠. Una escuela líder en finanzas. La Barcelona Finance School (BFS) es una escuela de finanzas con proyección internacional creada por el Instituto de Estudios Financieros (IEF). Su objetivo es compartir el conocimiento y la experiencia acumulados por esta entidad, con una trayectoria de más de 30 años y una estrecha vinculación con el sector financiero. La escuela está dirigida a todos los profesionales del sector financiero y a posgraduados interesados en allí especializarse. La oferta académica de la Barcelona Finance School (BFS) incluye másteres, posgrados y cursos de especialización, todos ellos con acreditación universitaria. Los responsables de los programas y el claustro docente son prestigiosos profesionales que están al día de las nuevas tendencias en el sector financiero. Enlace con 300 euros de descuento en la matrícula de su Máster en Finanzas. Equito App⁠⁠. Invierte en tokens inmobiliarios. Muchos españoles no pueden invertir en inmuebles porque los bancos exigen un capital alto antes de conceder un préstamo. Equito App llega para cambiar esto. Esta aplicación te permite invertir en el sector inmobiliario desde tan solo 100 euros, a través de un préstamo participativo en el que los intereses varían según los rendimientos y la plusvalía del inmueble. Aprovecha el código NB543 para obtener 30 euros de descuento en tu primera inversión de 500. Esta oferta es válida por un tiempo limitado. Entra en Equito.app para conocer todos los detalles del proyecto. Índice: 2.55. Harry Browne, inversor y candidato a la presidencia. 8.32. La filosofía de Baelo Dividendo Creciente. 22.14. Santander amplía capital para pagar el dividendo. 30.49. El inversor mediterráneo. 35.54. Los malos gestores complican innecesariamente el lenguaje. 41.18. Feynman hablaba de la maldición del conocimiento. 51.10. La cartera boomer: 98% inmobiliario y 2% en acciones del Sabadell. 59.10. Las 17 reglas de Harry Browne. 2.18.35. El programa de radio de Harry Browne. Apuntes: Inversor inteligente. Antonio Rico. La inversión a prueba de errores. Harry Browne. Nadie te debe nada. Harry Browne. La cartera permanente. Craig Rowland & J. M. Lawson. Los dividendos aún no mienten. Geraldine Weiss. La tesis de los dividendos crecientes. David Bahnsen. Expectativas racionales en inversión. William Bernstein. The smartest investment book you'll ever read. Daniel Solin. El arte de reflexionar sobre el dinero. André Kostolany. La psicología del dinero. Morgan Housel. Antifrágil. Nassim Nicholas Taleb. Los ensayos. Michel de Montaigne.

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/religion

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner. William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. Gregory LaBlanc is a lifelong educator with degrees in History, PPE, Business, and Law, Greg currently teaches at Berkeley, Stanford, and HEC Paris. He has taught in multiple disciplines, from Engineering to Economics, from Biology to Business, from Psychology to Philosophy. He is the host of the unSILOed podcast. unSILOed is produced by University FM. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

What do financial bubbles and religious millenarianism have in common? They both involve collective delusion. When Charles Mackey wrote a book on the Madness of Crowds in the 19th century, he could not have imagined that religious and financial bubbles will continue to reappear, but as Willam Bernstein points out, the world has not gotten any saner.William Bernstein is an investment manager and the author of a number of books including, The Delusions Of Crowds: Why People Go Mad in Groups and The Birth of Plenty: How the Prosperity of the Modern World was Created. And before his work in finance, he spent more than 30 years practicing medicine. William and Greg discuss the difference between intelligence and rationality, how human nature is rooted in imitation and mimicry, and the end of the world. *unSILOed Podcast is produced by University FM.*Episode Quotes:When it comes to pattern recognition, who are the right people to listen to?47:23: ​​When I'm listening to an analyst or a commentator, what I'm listening for is not how eloquent they are or how smart they sound, because it turns out that the most eloquent people tend to be people who can get away with a lot of analytical sloppiness. What I'm looking for is nuance. I'm looking for someone who can see both sides of an argument and argue something from both sides.Who are the people you want to make decisions for you?06:37: Rationality and intelligence are entirely orthogonal. There are people who really aren't all that brilliant but are eminently rational. Those are the kinds of people you want making decisions for you.Are you a seller or consumer opinions?31:43: If you are a seller of opinions and want to sell opinions, then you tell stories. But if you are a consumer of opinions, you want to ignore the stories and focus on the data.Show Links:Recommended Resources:The Late Great Planet EarthWilliam MillerDual Process Theory Daniel KahnemanAlex JonesExtraordinary Popular Delusions and the Madness of Crowds Premillennialism David KoreshShiva Dome of the RockDr. StrangeloveGuest Profile:William J. BernsteinProfessional Profile on Literary HubProfessional Profile on CFA InstituteHis Work:Articles on Financial TimesThe Delusions Of Crowds: Why People Go Mad in GroupsThe Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in BetweenThe Four Pillars of Investing: Lessons for Building a Winning Portfolio Rational Expectations: Asset Allocation for Investing Adults (Investing for Adults) The Birth of Plenty: How the Prosperity of the Modern World was Created A Splendid Exchange: How Trade Shaped the Worldhttps://a.co/d/1Db5SrC

BIO: Nick Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, where he oversees operations across the firm and provides insights on business intelligence.STORY: Nick invested in a stock he wasn't familiar with just because his friends were doing it. He suffered a 78% loss.LEARNING: Don't buy individual stocks. Trust your gut. “If you're going to gamble, just wager less.”Nick Maggiulli Guest profileNick Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, where he oversees operations across the firm and provides insights on business intelligence. He is also the author of OfDollarsAndData.com, a blog focused on the intersection of data and personal finance. His work has been featured in The Wall Street Journal, CNBC, and The Los Angeles Times. Nick graduated from Stanford University with a degree in Economics and currently resides in New York City.Worst investment everIt was the summer of 2021, and Nick was having a great night with some friends. One of his buddies, who's pretty good at stock picking, told the group about this new exciting stock called Matterport (MTTR). Matterport is a virtual reality software that allows you to do 3D imaging of a room.Up until this point, Nick had primarily been a passive investor. The friend convinced the group to invest in Matterport, saying it would be big. Nick put in about 1% of his net worth. The group didn't do much research. They just discussed the stock in a group chat for a day or two. They didn't pay attention to it anymore.Over the next few months, the stock starts going up. Nick got excited about the surprising stock performance. He happened to attend an art show in New York. Coincidentally, the gallery was using Matterport to give a tour of their art venues. This was so wild and got Nick even more excited.The stock kept going up, and by November 2021, it had doubled. Nick bought it for $15, and now it was $30. At this point, everyone in the friends' group doubled their investment.The peak was in November, and then the price started to decrease slightly. Nick figured it was no big deal, as every great winning stock has a decline. So he held onto the stock. The price kept going down. Nick sold his stock in October 2022 at $3.30 a share, making a 78% loss.Lessons learnedDon't buy individual stocks.Trust your gut.Andrew's takeawaysWhen you get invested in something, you'll find every possible reason to justify it.There are a lot of times that we know stuff that we're not supposed to do, yet we somehow end up in it.Actionable adviceIf you're going to gamble, make sure you know exactly how much you're willing to lose.Nick's recommendationsIf you want to learn about individual stocks, Nick recommends reading Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Companies. The book talks about the growth of cities, companies, and that type of stuff. To understand asset allocation, Nick recommends books by William Bernstein. He also recommends reading his book Just Keep Buying:...

Caleb and Riley discuss what Nick Murray calls “The key to your investments outperforming most others” and how fear and our reactions are often the #1 wealth killer. There is no doubt that you want to come out ahead and maximize your returns. But maybe you are wondering how can you get there. Investment success belongs to the fearlessly disciplined not the brilliant. This was said by William Bernstein, a financial theorist and neurologist, and writer of financial literature. Remaining a disciplined investor, despite all the panic around us, is incredibly important as we plan for and live through our retirement. Learn more about: How to feel okay about fearful emotions about the market and not react in a way that kills growth Why ups and downs in the market are normal an expected and the distinction between volatility and loss They key to having an outlook that builds wealth through the remainder of your retirement Memorable Quotes: “A genius is the man who can do the average thing when everyone else around him is losing his mind.” “Great golfers don't necessarily hit the most number of great shots, as they hit the least number of terrible shots.” “The S&P 500 broader market return on average is around 13.69% but the average equity investor's return, was half of that 5.50%.” Resources: Ted Talk: Things Aren't As Bad As You Think They Are | Dan Gardner | TEDxNashville Article: Morgan Housel on Greed and Fear, Frugality and Paranoia Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts

My conversation with Nick Maggiulli.Nick is the COO of Ritholtz Wealth Management. His blog tears about many common misconceptions about the finance with data. Nick is a proponent of a broad based indexing approach and actually advises against what my blog is all about - stock picking.I like Nick's work because it challenges a lot of sacred cow ideas in the financial community. He has challenged ideas like the utility of the CAPE ratio in market timing and the idea that most stock returns have come from declining interest rates in the last forty years.I hope you enjoy our conversation and thank you for subscribing!Show notes:* Nick's book, Just Keep Buying about the wisdom of regularly purchasing income-producing assets to build wealth.* Nick's blog, OfDollarsandData.* Nick's post on the utility of the CAPE ratio.* Nick's post deconstructing the argument that stock market returns have entirely been driven by declines in interest rates for the last 40 years.* The Intelligent Asset Allocator by William Bernstein. Bernstein was a major influence on Nick's approach.DisclaimerNothing on this podcast is investment advice.The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products.  Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor's own objectives, experience, and resources.The information contained in this podcast & show notes is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This podcast, the host, and the guest do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This host & guest accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this content. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe

¿Por qué lanzar un fondo con asignación táctica? ¿Por qué producir un podcast sobre finanzas personales? Ambas preguntas atacan un mismo problema y tanto Javier como yo luchamos por cambiar las dinámicas negativas del sistema. Aunque el altavoz es pequeño si influye en la opinión de un solo inversor ya habrá merecido la pena. A eso nos agarramos para seguir haciendo lo que hacemos. El mejor marketing de GPM Asignación Táctica es la transparencia. Por eso comparte un Excel con sus posiciones.Este podcast está patrocinado por Dani Marín.Dani es un fisioterapeuta que un día descubrió que hablar se le daba mejor que tocar y que era capaz de transmitir ideas a las personas que las necesitaban. Ahora tiene un proyecto online, con un enfoque técnico pero a la vez entretenido sobre el funcionamiento del cerebro, y me manda este mensaje para los oyentes de Kapital: Si mientras lees esto estás con gente, busca a una persona y obsérvala durante 5 minutos, si estás solo abre la red social que quieras y mira cualquier post. En cualquier caso será más que suficiente para encontrar algún comportamiento que no te parezca ‘normal'. Me llamo Dani Marín y me dedico a enseñar cómo funciona el cerebro, la mente, las personas… que vendría a ser lo mismo. Lo hago en mi newsletter donde cuento cosas que te ayudan a comprender lo ‘anormal' del comportamiento humano o del tuyo mismo. Aprender, sentir dolor o vender algo depende del cerebro, entender cómo hacer para usarlo a tu favor depende de ti.Índice:1.32. La psicología de las pérdidas.8.38. Lecciones de vida en el póker.24.20. No te compliques con tu estrategia de inversión.53.42. Sacrificar rentabilidad a cambio de reducir volatilidad.1.13.33. Los engranajes de la asignación táctica.1.34.43. Comisiones de gestión activa en fondos indexados.1.44.09. Ariely y la errónea percepción del valor.1.59.26. Mourinho encontró la felicidad en Roma.Apuntes:La cartera permanente. Craig Rowland & J. M. Lawson.Expectativas racionales en inversión. William Bernstein.Common sense on mutual funds. John Bogle.The smartest investment book you'll ever read. Daniel Solin.Monte Carlo Millions. Phil Ivey.EPT Grand Final. Adrián Mateos.Predictably irrational. Dan Ariely.

A menos que usted vaya a intercambiar certificados de bonos y acciones con sus amigos, se verá obligado a enfrentarse con el coloso que domina la escena moderna americana: la industria financiera. Y no se equivoque, usted se verá inmerso en una titánica batalla de suma cero con la misma, en la que cada céntimo en comisiones, tasas y costes de transacción que ésta se lleva, es irremediablemente a su costa. Patreon: https://www.patreon.com/gardieles Twitter: https://twitter.com/LInversores Instagram: https://www.instagram.com/gardieles/ Spotify: https://open.spotify.com/show/43y3NRBMvZn43igN4yQDz9?si=9GtlUYDfQHWJoTyHUgPvZw Apple Podcast: https://podcasts.apple.com/es/podcast/gardieles/id1494217471 Ivoox: https://www.ivoox.com/podcast-gardieles_sq_f11091823_1.html --- Support this podcast: https://anchor.fm/luis-pizarro/support

Quizá uno de los episodios más resumidos, más cortitos, pero no por eso menos importante. La psicología de la inversión según Bernstein - y según varios más - es uno de los principios más fundamentales paras tener éxito en las inversiones. Te contamos todo acá, en el podcast de Gardieles. Patreon: https://www.patreon.com/gardieles Twitter: https://twitter.com/LInversores Instagram: https://www.instagram.com/gardieles/ Spotify: https://open.spotify.com/show/43y3NRBMvZn43igN4yQDz9?si=9GtlUYDfQHWJoTyHUgPvZw Apple Podcast: https://podcasts.apple.com/es/podcast/gardieles/id1494217471 Ivoox: https://www.ivoox.com/podcast-gardieles_sq_f11091823_1.html --- Support this podcast: https://anchor.fm/luis-pizarro/support

Períodos de bonanza, historias de la depresión de los años 30, datos curiosos de las inversiones del siglo 17. Las principales enseñanzas que debes saber dentro de la historia de la bolsa. Este es el segundo episodio de los cuatro pilares de la inversión, de William Bernstein. Patreon: https://www.patreon.com/gardieles Twitter: https://twitter.com/LInversores Instagram: https://www.instagram.com/gardieles/ Spotify: https://open.spotify.com/show/43y3NRBMvZn43igN4yQDz9?si=9GtlUYDfQHWJoTyHUgPvZw Apple Podcast: https://podcasts.apple.com/es/podcast/gardieles/id1494217471 Ivoox: https://www.ivoox.com/podcast-gardieles_sq_f11091823_1.html --- Support this podcast: https://anchor.fm/luis-pizarro/support

The “LIFE ART LIFE William Bernstein” exhibition opens August 6 and runs through October 9, 2022, at the Toe River Arts' Kokol Gallery, Spruce Pine, North Carolina. This 50-year retrospective of the blown glass work and paintings of William Bernstein showcases the work of an artist who has been at the forefront of the North Carolina studio glass movement for over 50 years. It creates a visual summary of the separate elements of Bernstein's art over time – his motives, goals, and achievements, while showing his ability to work simultaneously in diverse mediums.  Curated by Bernstein, the artist was assisted by Jordan Ahlers from Momentum Gallery, Asheville, North Carolina. He and Billy selected approximately 40 sculptural works and 20 wall pieces that span his career. The artist's unique style of incorporating images on glass is mirrored stylistically in his two-dimensional paintings. So much of his work and family life are evident in his art forms – portraits of the people, pets, and environs that surround him.  Both an online and printed catalog will be available that will include narratives about Bernstein's lifetime of art written by Bill Warmus, former curator at Corning Museum of Glass, and will include images from the show. Writes Warmus: “Bernstein is a minimalist whose style is based upon the dedication to the concepts of honesty, modesty, and humility. It has a feel of its surroundings and of the people of the region.” Graduating in 1968 from the Philadelphia College of Arts and just married, Bernstein moved to Penland School of Crafts to be their second glass resident artist from 1968 to 1970. He was a co-founder of the Glass Arts Society (GAS) – together with glass pioneers Mark Peiser and Fritz Dreisbach –  that formed to bring together the glass community so people could work together and learn from each other. Receiving numerous awards, fellowships and grants, he has exhibited internationally and has artwork in many private and public collections. Bernstein has lived most of his professional life in the rural Celo community, a land trust in rural Yancey, North Carolina, along with his family and artist wife, Katherine Bernstein.  Katherine and William both grew up in New Jersey and met while attending art school at Philadelphia College of Arts. In the early years, Katie worked in hand-built porcelain and Billy, very influenced by Scandinavian and colonial American glass design, started producing a variable line of goblets and sculptural pieces. In the mid 1970s, glass master and educator Harvey Littleton moved to the area and quickly took an interest in the young artists' work. He insisted that Katie's sculpture in clay would translate beautifully into glass. To make his point, he took several of Katie's clay originals back to his studio and cast them in crystal. The results were wonderful, and Katie started working exclusively in glass. By the ‘80s, both Bernsteins had established themselves as major forces in the glass world, but to keep their studio running they needed a steady flow of sales, which eventually brought them together in the creation of a line of goblets and tableware. Katie supplied the imagery with melted glass color rods, and Billy formed the result into a vessel. This combination proved very popular and received wide recognition in design journals and magazines. They continue to produce these pieces today under the name Bernstein Glass. Currently, both Billy and Katie produce individual pieces for gallery shows and collaborate with two assistants on the functional work. Their oldest son Josh is a physician, and their son Alex is a respected glass artist; both live in Asheville, North Carolina. Katie and Billy remain content in their log cabin with their huge dog Murphy. Says Billy: “This has not only been a year-long process of curating pieces for an exhibit, but a lifetime of making art that connects with all things about one's life.” Coinciding with the United Nations' Year 2022 as the Year of Glass and the 60th Anniversary of the Studio Glass Movement, the “LIFE ART LIFE William Bernstein” exhibition has been made possible by Toe River Arts, the North Carolina Arts Council, the Cary Art Center, Art Alliance for Contemporary Glass, the Blumenthal Foundation, and Mountain Electronics in Micaville, North Carolina.  Billy's Digital Sketchbook: https://www.billysdigitalsketchbook.net/ Retrospective Catalogue: https://www.billysdigitalsketchbook.net/_files/ugd/70476b_4ed469574598440ebea63ee03a0c34db.pdf  

¿Qué rentabilidad esperada tiene tu cartera de inversión? ¿Está bien diversificada? ¿Contiene las clases de activos adecuadas? ¿De qué factores depende el peso en acciones que debes elegir para tu cartera? A lo largo de esta sesión, repasaremos con el gestor Antonio R. Rico algunas de las ideas principales de Expectativas racionales en inversión: diversificación eficiente para inversores adultos, una de las obras más interesantes y poco conocidas de William Bernstein, recientemente publicada en español dentro de la Colección Baelo.   Si te ha gustado el programa, déjanos un comentario y danos una valoración alta en la plataforma donde lo hayas escuchado. No olvides darte de alta en www.valueschool.es para obtener información sobre nuestras actividades y acceder a todo nuestro material gratuito. Recuerda que también puedes seguirnos en Facebook, Twitter, Instagram, LinkedIn y en nuestro canal de YouTube. (Música: "Corporate Innovative" by Scott Holmes). http://www.scottholmesmusic.com 

William Bernstein, author of "The Splendid Exchange: How Trade Shaped the World"

Hoy te traigo mi resumen del libro Los 4 Pilares De La Inversión de William Bernstein. Si quieres saber cómo puedes crear una cartera de inversión ganadora y ampliar tu conocimiento en inversión en bolsa, ¡no te lo pierdas!

Đây là phần 1 trong talkshow OnMic ngày 23-Apr-2022: Vì sao danh mục đầu tư có nhiều lớp tài sản ? Nhiều tài sản nhưng phải như thế nào ? Một số danh mục kinh điển như: David Swensen, Ray Dalio, John Bogle, Larry Swedroe, William Bernstein, Meb Faber.

In The Delusions of Crowds, finance theorist William Bernstein writes about some of the famous financial bubbles and religious manias of the past. He joins Cardiff to discuss the connection between these two kinds of events, why humans are so susceptible to mass manias, the good that sometimes comes from a financial bubble, and how we can all spot the visible signs of manias when they arise. Links from the episode:The Delusions of Crowds: Why People Go Mad in Groups (https://tinyurl.com/95ff3emt)A Splendid Exchange: How Trade Shaped the World (https://tinyurl.com/kn6pdr7k)The Birth of Plenty: How the Prosperity of the Modern World was Created (https://tinyurl.com/v8mw4be2)Cardiff and Aimee are on Twitter at @CardiffGarcia and @AimeePKeaneSend us an email! You can write to us at hello@bazaaraudio.com See acast.com/privacy for privacy and opt-out information.