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 is your host, Dr. Jim Dolly.

This is White Code Investor Podcast No. 207, the delusions of crowds with Bill Bernstein.

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We decided to use a quote of the day from William Bernstein in today's podcast. He said most brokers service customers the same way in which Bonnie and Clyde serviced banks.

Unfortunately, there's a lot of truth to that. Thanks for what you do out there. I know a lot of you on your way into work, on your way home from work, maybe working out, trying to keep your sanity.

Whatever you're doing as you listen to this podcast, thanks for what you do. I hope I'm not the first person to thank you for your difficult job.

That's one problem with high income professionals, right? The reason you have that high income is because you have a hard job.

If you haven't heard yet, we have a new service available, advice for student loans. If you're not sure what to do with your student loans and just want to sit down with somebody for an hour and talk about your situation to make sure you're managing them right, we have a service for that. It's called student loan advice dot com.

Check it out today for just a few hundred dollars. You can make sure you're not throwing away tens of thousands or even hundreds of thousands of dollars by managing your huge student loans wrong.

All right, we also have a financial educator award we're giving away. This is not for finance bloggers. This is not for YouTubers. This is not for those selling online courses and that sort of stuff podcasters is not for financial advisors.

It's for docs who are helping their trainees, especially in their peers to become financially literate, usually out of the goodness of their hearts.

Maybe they're giving lectures, maybe they're developing a curriculum, maybe they're talking to people on the side during their shifts.

But if there's somebody you would like to nominate for the white code investor financial educator award, please do so. You can send an email. A paragraph is plenty awards at whitecodeinvestor.com.

And we will at least highlight their efforts, if not give them a certificate and a cash award, a thousand dollar cash award, if they are selected as this year's winner past year winners have been some pretty awesome people doing some pretty awesome stuff.

And we expect a similar winner this year, but get those in by April 30th.

All right, we have a special guest today. We're really excited to have Bill Bernstein back on the podcast. Let's get him on the phone.

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