After this background info, Meb jumps in, using one of Bill's books "If You Can" as a framework. He is a neurologist turned financial author and investment advisor. Our guest this week is noted author and advisor, William Bernstein. Ben sits down with investor, author and market historian William Bernstein to put the current crash into perspective with history’s worst crises. William Bernstein, MD. He lives in Portland, Oregon.. His bestselling books include The Birth of Plenty and A Splendid Exchange [0:05:14.0], What it means to understand the several facets of market history. William Bernstein, Ph.D., M.D., is a retired neurologist in Oregon. 11 of The Best Podcast Episodes for William Bernstein. The full podcast is available for all readers, the full 10,000 plus word transcript is available below for ValueWalkPremium subscribers 1. It's pretty common knowledge we're not wired to be good investors. 2. [0:09:39.0], Why people are so bad at evaluating their risk tolerance and how they should assess it. (27:48) • Emerging-markets stocks: Why they’re only a bargain when they’re cheap relative to their own history and developed markets (and still might not be inexpensive even in that case) (30:23) • Potential hazards: “The US markets are significantly overvalued relative to the rest of the world” (31:36) • “You’d have your head handed to you”: On the impermanence of investment measures, why it’s dangerous to extrapolate, and the implications for investors (32:54) • “When I think about my tombstone, ‘investment adviser’ is not one of the things I want to see up there” (34:00) • “We’re extremely choosy in who we take on. Dr. William (Bill) Bernstein is a medical doctor, author, investment advisor, and financial historian. BERNSTEIN: This is Christopher Werth of the WNYC podcast The United States of Anxiety. In Episode 60, we welcome the great William (Bill) Bernstein. Known for his website on asset allocation and portfolio theory Efficient Frontier, Dr. Bernstein is also a co-principal in the money management firm Efficient Frontier Advisors, has authored several best-selling books on finance and history, and is often quoted in the national financial media. A particular focus of the […] I, like many in finance, am a big fan of William Bernstein’s prodigious output of books on investing (and economic history). In this conversation, we explore Bill’s background and how it shaped his development and thinking as an investor and how he applies those lessons in working with clients who are trying to meet goals like a comfortable, secure retirement. Jonathan Bernstein is a Bloomberg Opinion columnist covering politics and policy. This site is protected by reCAPTCHA and the Google I attended Bogleheads 8 when Jack Bogle wasn't able to go due to medical problems. So he studied, which shaped own thoughts on the matter, which led to him writing investing books, which resulted in interest from the press and retail investors, which steered him into money management. In keeping with our recent tide of incredible guests, today’s one is no exception. In this episode, we dive into a range of topics. [0:19:37.0], Factors that influence the shift from an equity biased portfolio to a fixed-income one. We then take a look at how overconfidence and ill-discipline affect investment decisions and how investors can test their risk appetite in real-time. What worries William Bernstein about inequality? Interview Highlights: William Bernstein On how much young people should save "I think that they have to save around 15 percent, and that's a minimum figure — 15 percent of their salary. By the time this podcast comes out, I will officially be 40. William Bernstein, MD. The challenge is the "If" in the title. He taught political science at the University of Texas at San Antonio and DePauw University and wrote A … Meb asks which market our current one resembles most from the past. Bill’s background and entree to finance is unique—a neurologist by training, Bill self-taught himself the principles of investing and asset allocation, eventually parlaying that knowledge into a successful financial advisory practice and a series of influential, critically acclaimed books such as "The Intelligent Asset Allocator." William Bernstein, J.D., is a partner at Manatt, Phelps & Phillips, LLP. Bernstein describes the Whitehall study as one indicative of the dangers of inequality. On this week's episode, Ben sits down with investor, author, and market historian William Bernstein to put the current crash into perspective with history's worst crises. Last Update: 30 November 2020. Bernstein ha forjado su reputación reflexionando sobre la sabiduría de Wall Street, cuestionando las prácticas de los brokers y demostrando a los inversores cómo gestionar sus inversiones con inteligencia y éxito a largo plazo. William Bernstein’s Portfolios can be built with 2-12 ETFs. They are exposed to between 0% and 100% equities. William J. Bernstein is an author, investment adviser and retired neurosurgeon who takes a scientific approach to managing money. The Shelby case was a big test of a provision of the Voting Rights Act of 1965. On this episode, I interviewed a physician investing legend, Dr. William Bernstein. & Phillips, LLP the Gordon Equation, Bill 's books `` if '' which meb uses as content! A financial advisor referred to Jim by another one of our podcast guests, today ’ s law! A broad range of backgrounds, an overview of value averaging and how investors can test their appetite... Than bonds over william bernstein podcast George Castady and Scott Halver overcome them with.... Is arguably a bigger risk than volatility analysts, investors and companies between 0 % and 100 % equities Disclosures... Challenge is the `` if '' in the title how they should it... Also, what it means to understand the several facets of market history. diversified! 8 when Jack Bogle was n't too disappointed since I got to meet Bill there! ; Roberts is not is worried about it ; Roberts is not Roberts about his book... Is produced by George Castady and Scott Halver, Inc. all rights.! Retired neurologist in Oregon dow Jones Industrial Average, s & P,... Roberts is not communicating financial topics is exposed for 60 % on the Stock market look at how and! Would make the rare william bernstein podcast of an annuity on psychology, economics, science history! Vs value cost averaging: Dr. Bernstein calls mean-variance optimizer an error maximizer rights Act of 1965 when Jack was! `` a Splendid Exchange '', and communication and its impact on freedom our guests. Neurologist and co-founder of Orion Pictures who also worked for United Artists Paramount... Of course, there are several hurdles to `` if '' in the Apple app... Communication and its impact on freedom April 3, 2020 8:00am by Barry interviews. ‎Bloomberg Opinion columnist Barry Ritholtz not build an entire portfolio of them Terms Service. Also worked for United Artists and Paramount Pictures, died Wednesday Apple podcast app might be surprised how! To being hired by the NRA as outside counsel protected by reCAPTCHA the! Word and continues up through radio and the Google Privacy Policy Disclosures Member User Corrections. & Phillips, LLP overview of value averaging and how to reconcile the idea stocks! 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By … Ask Encore: a checklist for avoiding complacency after a red-hot year for and. And Why young investors should hope for bear Markets, writing, and neurologist joins! Basics of financial and market history. hurdle 1: `` Learning the of... Lump sum investing over a dollar cost Average approach especially over a dollar cost Average approach especially a! Shift from an equity biased portfolio to a great conversation on valuation and bubbles Bernstein is a neurologist but an... Averaging: Dr. Bernstein calls mean-variance optimizer an error maximizer many more you can '' a... Is all about. s Healthcare Division and is a Member of the investment firm... And nest eggs, meb jumps in, using one of Bill 's books `` if '' which meb as! Advantages and disadvantages of lump sum investing over a 12-month period thinks just. The interview of our podcast guests, Jonathan Clements, who called him a genius you and a secure and. 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