This is the White Coat Investor Podcast, where we help those who wear the White Coat get a fair shake on Wall Street.

We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.

Here's your host, Dr. Jim Dolly.

This is White Coat Investor Podcast number 148, Finding Balance with Don Baker.

Now I hope those of you coming to the conference next week are super excited. We're excited for it.

We're pulling our hair out, of course, because we don't ever know how everything is going to go and what exactly isn't going to go well anytime you bring 800 people together.

Something's got to not go well, so we're a little nervous about it and maybe losing a little bit of sleep.

But we're going to have a great time down there and we hope you do as well at WCI CON-20.

Today's episode is sponsored by Set for Life Insurance, which was founded by its president, Jamie Fleishner, in 93, while she was attending Wash You in St. Louis.

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They're first and foremost a client-centric company, so they listen carefully to your needs, and because of their volume and exceptional reputation, and the relationships they've developed over the years, they've accessed a special services not available elsewhere in the industry, including special discounts, gender-neutral policies, which save women significantly,

priority underwriting handling, and on some occasions, exceptions in the underwriting process.

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All right, let's do a quote of the day. This one comes from J.L. Collins, who said, the market always recovers, and if someday it really doesn't, no investment will be safe, and none of this financial stuff will matter anyway.

And isn't that the truth?

So I mean, while you can't expect an individual stock to always come back, the overall market is a pretty good bet.

You don't know when, you don't know how well, but the likelihood of it all just tanking and disappearing forever is awfully low, and in the event that that occurs, well, we got bigger problems.

Thanks for what you do. Medicines not easy, as we'll discuss today in this podcast, is difficult to find a balance, and sometimes we feel guilty trying to find a balance.

And so I just want to thank you for what you're doing for being willing to go through all that training, and for being willing to be on call, and to work such long hours on behalf of your patients.

So if they haven't said thanks today, let me say thanks to you. I assume you're probably on your way to work, your way home from work, maybe working out after work, whatever you're doing as you listen to this podcast. Thank you.

After the conference, we're going to have conference videos available. This is basically we're going to package up all the presentations from the conference with their slides and with the audio and video from it into an online course. It's going to be awesome.

It's going to be way cheaper and going to the course. And obviously it's not quite the same experience. It's a little bit hard to network with an online course, but all the material and all the learning will be available there from the great speakers that were having at this conference like Rick Ferry and Phil Dumuth and others.

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