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.

Welcome to White Code Investor Podcast No. 104, mistaken the salesman for an advisor.

I estimate that 80% of doctors need, want and should use a financial advisor and or an investment manager.

Some investment gurus such as Dr. William Bernstein think my estimate is way too low.

At any rate, if you want to use an advisor temporarily or for your entire life, there's no reason to feel guilty about it.

Just make sure you're getting good advice at a fair price.

If you need help updating your financial planner, just getting one in place, check out our list of recommended financial advisors at whitecodeinvestor.com slash financial-advisor.

You can do this and the White Code Investor can help.

Our quote of the day today comes from Benjamin Graham, who said the investor's chief problem and his worst enemy is likely to be himself.

In the end, how your investments behave is much less important than how you behave.

Thanks so much for what you do.

I know you're on your way into work or your way home or whatever other time you happen to listen to podcasts.

It's probably not time dedicated to nothing else.

You're probably multitasking like most busy docs.

But what you do is important. I've got a couple of cancer patients in my neighborhood right now.

One doing pretty well, but having some complications and one not doing well at all.

And they're seeing different docs all the time.

It's amazing when you talk to them about their experiences and how much it's affecting their life and their family.

We forget that what we do on a daily basis is super, super important.

I talked to my dad all the time. He's having some trouble with the frozen shoulder right now.

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