WCI #303: A Random Walk Down Wall Street with Burton Malkiel
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 23 February 2023
⏱️ 58 minutes
🧾️ Download transcript
Summary
Our guest on the WCI podcast today is Burton Malkiel. He is the author of best selling book, A Random Walk Down Wall Street. He shares his decades of experience working in finance and investing and talks about his belief that the easy thing is not usually the smartest thing to do. Fortunately that is not the case with being an above average investor. We think you will find this conversation as educational as it is interesting.
Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly by me and others, and deep dives into topics for more in depth learning. You can even learn all about real estate with webinars from our real estate partners. Check out all this and more at https://www.youtube.com/thewhitecoatinvestor. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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Transcript
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| 0:00.0 | This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street. |
| 0:05.3 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:15.0 | This White Code Investor Podcast No. 303. |
| 0:17.8 | Sponsored by Laurel Road for Doctors. |
| 0:20.9 | Laurel Road is committed to serving the financial needs of doctors, including helping you get the home of your dreams. |
| 0:26.3 | Laurel Road's Physician Mortgage is a home loan exclusively for physicians and dentists featuring up to 100% financing on loans of a million dollars or less. |
| 0:34.3 | These loans have fewer restrictions than conventional mortgages, and recognize the lender's trust in medical professionals' creditworthiness and earning potential. |
| 0:42.3 | Barrowers can also get up to $650 off-closing costs. |
| 0:46.3 | For terms and conditions, visit www.loralroad.com forward slash WCI as www.loralroad.com forward slash WCI. |
| 0:57.3 | Laurel Road is a brand of key bank NA and an equal housing lender, and a MSN number 399-797. |
| 1:03.3 | Welcome back to the podcast. This is the first one we've recorded in the New Year. |
| 1:08.3 | You were not here in the still February, but it's the first one we recorded after the New Year. |
| 1:12.3 | It's exciting to be New Year New Year thinking about New Year's resolutions and those sorts of things. |
| 1:19.3 | We'll see how well I've done on them come February 23rd. |
| 1:23.3 | I just got off the phone last night with my climbing partner, and we're making big plans to go to the valley this summer. |
| 1:31.3 | We're going to go try to climb the face of half-dome, so my resolution is to get in good enough shape to be able to do that. Wish me luck with that. |
| 1:39.3 | All right, our quote of the day today, Carls from Carlos Slim Heyloo, who said, |
| 1:44.3 | Courage taught me no matter how bad a crisis gets, any sound investment will eventually pay off. |
| 1:50.3 | There's a lot of truths in that. If you just pick good investments and hold on to them long enough, that's going to work out. |
| 1:57.3 | Thanks for all of you out there doing what you do. It's been a wild winter in the emergency department for me. |
| 2:04.3 | Our volumes are way up. We're seeing the triple pandemic with flu and RSV and COVID all combined, but not too bad. |
| 2:15.3 | It doesn't feel like the depths of the pandemic by any means, but certainly very, very busy in the department. |
... |
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