{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The 5 Investing Hurdles You Can't Ignore | Bill Bernstein | 201","description":"What if the guy who literally wrote the book on asset allocation told you your biggest risk isn\u2019t the market\u2026it\u2019s the person in your bathroom mirror? Neurologist-turned-market-historian William (Bill) Bernstein joins us for a fascinating conversation about his unlikely path from photochemistry to medicine to becoming the quiet godfather of Boglehead-style investing. He shares what shaped his \u201csimple but not easy\u201d philosophy, why he thinks all of investing is \u201chalf math, half Shakespeare,\u201d and how a homemade website in the 1990s turned into \u201cThe Intelligent Asset Allocator\u201d and a second career. This episode covers: \u2705 How a frustrated young scientist became a neurologist, then a financial theorist and writer \u2705 Early investing mistakes (Palladium futures, hot funds, overconfidence) and what finally clicked \u2705 The five hurdles from If You Can and why history and psychology matter as much as math  \u2705 What makes a true bubble: social buzz, career-changing speculators, hostility to skeptics, wild predictions \u2705 Predictions vs forecasts, and how Bill \u201ccalled\u201d the dot-com bubble and GFC without betting the farm \u2705 His current mix: modest small\/value tilts, cash\/T-bills for sanity, and a TIPS ladder for 30 years of expenses \u2705 Why a TIPS ladder feels different from a TIPS fund and why most investors still won\u2019t use one \u2705 The 30-years-working \/ 30-years-retired \u201ctoy model\u201d and why it implies 20\u201325%+ savings rates \u2705 Teaching kids about money via your own behavior, crappy college jobs, and tiny three-fund portfolios \u2705 A sober view of FIRE as a way out of the cubicle and into meaningful work\u2014not a 36-year-old beach fantasy ====================   DEALS & DISCOUNTS FROM OUR TRUSTED PARTNERS   MONARCH MONEY The modern way to manage money! Monarch will change the way you organize your financial life. Track, budget, plan, and do more with your money \u2013 together. Get 50% off the first year using this link and entering code: CATCHINGUP50   For a full list of current deals and discounts from our partners, sponsors and affiliates, click here: catchinguptofi.com\/our-partners    SUPPORT  THE  SHOW \ud83d\udce9 Sign up for our newsletter \ud83c\udf10 Visit Catching Up to FI website  \ud83d\udd17Connect with us \u2615 Like what you hear on Catching Up to FI? Support the show at "Buy Me a Coffee"  \ud83c\udf99\ufe0fWe love hearing from you! Record a Voice Message with your feedback or question Record a Voice Message with your feedback or question     RESOURCES MENTIONED ON THE SHOW: (As an Amazon Associate, I earn from qualifying purchases.) \ud83c\udf10 Efficient Frontier (Bernstein's website) \ud83c\udf10 The John C. Bogle Center for Financial Literacy \ud83d\udcd8If You Can: How Millennials Can Get Rich Slowly (free digital download) \ud83d\udcd7 Your Money and Your Brain (Jason Zweig) https:\/\/a.co\/d\/07bgnfz1   \u23f0 Related Episodes The $1,000 Gift From Jonathan Clements To 18-Year-Olds | Bill Bernstein & Christine Benz | 160     If you enjoyed this episode, please follow the show on your podcast player and leave us a rating and review. If you want to watch, be sure to subscribe to our YouTube Channel. This helps others find the show and keeps us creating great content for you!     \ud83d\udcccDisclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions. ","author_name":"Catching Up to FI: Financial Independence for Late Starters","author_url":"http:\/\/sites.libsyn.com\/451611\/site","html":"