Hey, Tottis. How are you?

Good. I'm on the line with Phil Huber, who is the chief investment officer of Huber Financial Advisors,

and he is the author of the Bips and Pieces blog.

I asked Phil on today to talk about a recent post of his entitled

My Investing Bible. You know, Book recommendations are kind of a tricky business, which is why I'm kind of loath to do them but I've my experience has been that if you recommend a book to someone

and it's either too technical or challenging it can kind of put the reader off of a topic and if you

recommend something that's kind of a little too simple or too easy, the reader may feel insulted.

So that might be a good place to start.

Phil, what was it about this book, Expected Returns, that change the way you think about investing?

So I think the first thing I'll point out is as you mentioned earlier, it gets tricky when you're

making book recommendations to people because as you said the you know it could be too

dense or technical in turn people off or the other end of the spectrum so when people

ask me I kind of keep two in my back pocket today.

We'll recommend this one that we'll talk about here today.

Expective Returns is definitely for the professional investor.

And it comes in about 500 plus pages, kind of heavy and dense you know for a more

novice investor I typically steer them towards something like Howard Marks is the most

important thing which I think is a lot more readable to your average person.

But in terms of my own experience and how I look back on my career and think about what book has most influenced,

how I think about building and constructing portfolios for the clients that we serve at our firm,

I don't think anything's really been as impactful as expected returns.

Yeah, no, it's definitely, it's definitely like you said, a book for professionals.

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