I am sitting here with Dr. William Bernstein, former neurologist, current investment advisor and and author and we are going to talk

about his background in the medical field and some of his thoughts on investing and some of the

books that he's written to try to get a better handle on this market crash and pandemic so stick around.

Welcome to the compound show podcast. Each week we let you in on some of the best conversations we're having about markets, investing, and

life.

Just a quick reminder, the host of the show are employees of Ritholz Wealth Management.

All opinions expressed are solely their own opinions and do not reflect the opinion. all opinions should not be relied upon for investment decisions.

Clients of Ritholz wealth management

may maintain positions in the securities

discussed in this podcast.

Okay, here we go.

So, Bill, you were a neurologist before turning to an investment manager.

How does that background in the medical field,

especially in the midst of a global pandemic? Does that color your thoughts at all in the medical field, especially in the midst of a global pandemic.

Does that color your thoughts at all in the way that you think about investing during something like this,

which is, which is almost more of a medical crisis than a financial crisis?

Not really. You know, the thing that is most useful about medical training is that you're scientifically

trained.

So you're taught to formulate hypotheses, consider data, always think about the

possibility that you you could be wrong and to update your priors in the basis of

new information to not be too dogmatic about your opinions.

I suppose if medicine has one real value is that it's a very humbling profession.

...