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Masters in Business

At the Money: Doctor's Orders - How to Change Careers

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.42.2K Ratings

🗓️ 7 May 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

What does it take to undertake a significant career change? How can you shift from a safe but unsatisfying job into one that you love?

William Bernstein, founder of Efficient Frontier Advisors, is both a neurologist and a professional investor. He is also the author of numerous books on investing and economic history, including “The Four Pillars of Investing” and “The Delusions of Crowds.”

Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

You're listening to an IHeart podcast.

0:05.2

At a global leader in alternatives today, Pigem is capturing the potential of tomorrow.

0:11.4

So as you look to diversify your portfolio, Pigeum offers expertise in seeding, developing,

0:17.2

and managing a broad range of liquid and illiquid strategies. With over $320 billion in

0:24.5

alts across public and private markets, we are helping clients achieve their long-term goals.

0:30.3

Pigeum, our investments shape tomorrow today. I'm Shinali Bassick, and I hope you'll join me alongside my co-host, David Inglis,

0:40.0

and many of Asia's most important institutional investors and money managers at Bloomberg Invest

0:45.2

Hong Kong, June 10th and 11. We'll discuss China's growing economic influence, AI's use cases

0:51.1

for financial services, recent shocks to the geopolitical status quo, and more with financial newsmakers and dealmakers.

0:58.5

Title sponsor, InvescoQQ.

1:01.3

Register now at Bloomberglive.com slash investHK.

1:07.7

Bloomberg Audio Studios, Podcasts, Radio News.

1:15.5

Doctor, doctor, give me the news.

1:18.4

I got a bad case to loving you.

1:22.7

No bill's going to kill my head.

1:25.1

I got a bad case to love in you. How often have you thought about making

1:30.3

You're going to give up some time, some effort, a lot of education, and potentially a lot of money?

1:41.5

But if it pays off in the end, then it's a worthwhile thing to be true to

1:46.2

yourself. On today's at the money, let's speak with William Bernstein. He began his career as a

1:53.0

medical doctor, a neurologist who discovered he had a knack for investing and investment research, eventually opening efficient frontier

2:03.7

advisors.

2:04.9

He is also the author of multiple books, The Intelligent Asset Allocator for Pillars of

...

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