This is the White Code Investor Podcast, where we help those who wear the White Code 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 is your host, Dr. Jim Dolly.

This is White Code Investor Podcast No. 157, Buying or Selling a Practice.

This podcast is sponsored by ERE, Healthcare Real Estate Advisors.

Colin Hart, CEO of ERE, has been a guest on my show and specializes in representing leading position groups and structuring sale and lease back transactions on the clinical and surgical center real estate.

ERE is a real estate brokerage, but takes an advisory approach, expertly positioning their clients for a real estate sale as part of succession planning surrounding the practice real estate investment.

If you're contemplating a partnership with a hospital health system or private equity, understanding certain real estate principles can help ensure that you maximize the value and security of your real estate.

You can learn more about ERE on their website, ereadv.com, or you can reach Colin directly at Colin.Heart.harth.harth.com, or call them at 702-839-8737.

Welcome back to the podcast. It's great to have you here. We appreciate you tuning in each week and hope that as you travel to or from work that you are safe, both in route.

And when you get there and that you are able to enjoy your lives as much as you can, given the limitations on them both at work and at home these days.

Our quote of the day today comes from Rick Ferry, who says, the first step is to figure out which asset class you want to invest in, and then figure out the best way to get exposure.

And I agree with that too many people start at the end of this process trying to pick investments when in reality they should be starting with what assets they want to invest in.

Okay, it is now what April 21st today. This podcast is going to be running on May 7th. So obviously anything I say here may seem out of date by then with how fast the world seems to be moving.

Lately I've been enjoying the last dance, which is the most popular TV series going on right now. This is about the bulls run back in the late 90s.

Their last season together with Michael Jordan and Scotty Pippin and all those folks.

It's really interesting having lived through it to now look back 20 years later at it and what happened trying to get over how bitter we are about you know the Utah jazz being smoked at the end by the bulls.

But we've kind of gotten over that and we're enjoying the story. But the reason I bring this up is I think the second episode is pretty illuminating.

In the second episode they talk a lot about Scotty Pippin and how he was dramatically underpaid. You know in a lot of respects it could have been said that he was the second best player in the NBA at the time.

Obviously playing in the shadow of Michael Jordan.

But when they started the season without Scotty Pippin playing you're really demonstrated what his value was without him they were they were smoked they were losing.

And it was really interesting to hear Scotty talk about his contract despite perhaps being the second best player in the league certainly in the top five or so.

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