Our focus for this episode is the real utility of financial advisors, and Ben shares a host of research and findings about the supposed and actual value that advisors can offer investors. This segment continues our exploration of investment basics, a fundamental theme for this show and our work at PWL Capital. One of the biggest and clearest lessons that becomes apparent through this discussion is the need for financial literacy independent of advice and so-called expertise from the outside. With that said, we do find time to share some of the positives investors can accrue from dealing with a trustworthy advisor and the conditions necessary for this. Later in the episode, our colleague Lukas Fleck joins us to share his review of The Obstacle Is the Way by Ryan Holiday and some of his own reading habits and tips. We finish the episode with lighter content about hot sauces, TV shows, and Ben's latest home improvement. Timestamps: 0:00 Intro 4:33 Main Topic: What are Financial Advisors (Measurably) Useful for? 38:25 Main Topic: Addendum 45:23 Episode 43: 60 Seconds 48:02 Book Review: The Obstacle is the Way + Special Guest Lukas Fleck 56:35 23 in 23 Challenge: Special Guest Lukas Fleck 1:08:03 Aftershow Ad mentioned by Ben: Video: https://www.reddit.com/user/AMF_Quebec/comments/11rzoc9/les_risques_de_fraude_avec_les_cryptos_sont_bien/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&utm_content=1&utm_term=15 Text: https://lautorite.qc.ca/en/general-public/investments/crypto?utm_campaign=crypto-phase2-1017340&utm_content=image-amf_crypto2023_1x1_6sec_02_fr-fr&utm_medium=social&utm_source=reddit Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-249-what-are-financial-advisors-measurably-useful-for-discussion-thread/23120 Books From Today’s Episode: The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph — https://amzn.to/3MXh1dl The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money — https://amzn.to/3UM8KLb Deep Work: Rules for Focused Success in a Distracted World — https://amzn.to/3AuSXqZ Making Numbers Count: The Art and Science of Communicating Numbers — https://amzn.to/41HXnWK Links From Today’s Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on Twitter — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on Twitter — https://twitter.com/benjaminwfelix Cameron on Twitter — https://twitter.com/CameronPassmore Lukas Fleck — https://www.pwlcapital.com/profile/lukas-fleck/ Extra references can be found at: http://rationalreminder.ca/podcast/249