Rick Ferri: 'There Are No Average Investors'

<p>Our guest today on The Long View podcast is Rick Ferri. Ferri is an hourly fee-only investment consultant at Ferri Investment Solutions; he's also a CFA charterholder. Prior to starting his new firm in April 2019, he was the founder and head of investing at a $1.5 billion advisory firm that specialized in low-fee asset management using index funds and exchange-traded funds. Prior to that, he worked for a brokerage firm, where he was an early adopter of inexpensive index products for client portfolios. Ferri is a Marine Corps officer and retired fighter pilot.</p> <p> Ferri has written several books on low-fee investing, including All About Asset Allocation, The ETF Book, All About Index Funds, and The Power of Passive Investing. He has also authored numerous investment-related articles and research papers, including a research paper on index investing that won S&P Dow Jones Indices' third-annual SPIVA Award. <p> <p><strong>Introduction and Background</strong></p> <ul> <li><a href="https://rickferri.com/about-rick/" target="_blank">Rick Ferri's bio</a> </li> <li><a href="https://rickferri.com/investment-philosophy/" target="_blank">Ferri's philosophy</a> </li> <li><a href="https://rickferri.com/investors/" target="_blank">Ferri Investment Solutions</a> </li> <li><a href="https://www.amazon.com/rick-ferri-Books/s?k=rick+ferri&rh=n%3A283155" target="_blank">Ferri's books</a></li> <li><a href="https://www.forbes.com/sites/rickferri/#3b479e585413" target="_blank">Ferri's <em>Forbes</em> column</a></li> <li>"<a href="https://rickferri.com/podcast/bogleheads/" target="_blank">Bogleheads on Investing</a>" podcast hosted by Rick Ferri</li> <li>"<a href="https://www.morningstar.com/videos/575446/ferri-3-keys-to-a-successful-investment-strategy.html" target="_blank">Ferri: 3 Keys to a Successful Investment Strategy</a>," Morningstar.com video</li> </ul> <p>"The conversation about asset allocation comes later, and the conversation about investments comes after that." Ferri discusses how his de