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White Coat Investor Podcast

169: Rick Ferri versus Paul Merriman on Factor Investing

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.92.3K Ratings

🗓️ 30 July 2020

⏱️ 58 minutes

🧾️ Download transcript

Summary

This episode we have Rick Ferri and Paul Merriman on the WCI podcast at the same time for a lively debate on the pros and cons of factor investing. These are two opinion leaders who have affected the investing views of literally millions of investors. When I told you I was bringing them on the show I received 40 pages of questions to ask them about asset classes, changing your asset allocation, small cap value and other factor investments as well as total market investing. We talk about the historical performance of these investments. We really delve into the details of factor investing and whether it is right for you. This may be an interview you need to listen to more than once, there is so much to learn from these giants in the industry.

Sponsor

Guideline http://guideline.com/wci is a 401(k) provider on a mission to help people save as much as possible when saving for retirement. Their investment portfolios contain low-cost Vanguard funds which are automatically rebalanced to keep it diversified and on track for retirement. And the best part? No added AUM fees, which would typically take a chunk out of your retirement savings year after year after year. Check out Guideline.

Transcript

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0:00.0

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

0:06.0

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

0:12.0

Here's your host, Dr. Jim Dolly.

0:18.0

This is White Code Investor Podcast No. 169, Rick Ferry vs. Paul Mererman on Factor Investing.

0:25.0

I want to introduce today's sponsor, Guideline, a 401k provider on a mission to help people save as much as possible when saving for retirement.

0:32.0

Their investment portfolios contain low-cost vanguard funds which are automatically rebalanced to keep it diversified and on track for retirement.

0:40.0

The best part, no added AUM fees, which would typically take a chunk out of your retirement savings year after year after year.

0:46.0

Check them out at guideline.com slash WCI.

0:51.0

All right, thanks for what you do. What you do is difficult.

0:54.0

I remember this yesterday during my shift went to intubate a patient and of course we're all wearing spaceman suits these days when we go to intubate somebody.

1:02.0

Of course, naturally, it's difficult intubation to start with, entire mouth and fairings full of white froth and trying to see through my goggles and my spaceman suit and breathe.

1:14.0

We can't hear anything because we got wind rushing past our ears from the peppers.

1:18.0

And naturally, intubation gets difficult at the same time to make it very challenging.

1:23.0

It's a good reminder that medicine is not easy. Luckily, the patient did okay and hopefully will make it out of the ICU as well.

1:30.0

And then of course, at the end of it all, the COVID test comes back negative and you realize you did all those precautions that weren't maybe necessary anyway.

1:39.0

But that stress of not knowing which patient comes in the door that actually has had COVID until you've already taken care of them definitely adds some difficulties to our lives these days.

1:48.0

So those of you like me are on the front lines. Stay safe. Take those precautions.

1:53.0

You don't want to bring this stuff home to your family. And thanks for what you do. It's not easy.

1:58.0

Our quote of the day today comes from David Swenson, the chief investment officer of the Yale Endowment portfolio who said,

2:06.0

ironically upon acquiring sufficient information to assess the skill of an investment service provider, individuals end up empowered to take control of their portfolios and make their own decisions.

2:15.0

There's a lot of truth to that. When you know enough to properly choose an advisor, you often know enough to do it yourself anyway.

2:21.0

Lots of things going on at the White Code Investor right now. We are in early stages of preparing for another White Code Investor convention next March.

...

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