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's your host, Dr. Jim Dolly.

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

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

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.

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.

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

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

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.

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.

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.

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

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

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

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.

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.

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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