In the second Goldstein on Gelt podcast for this week, Tim Harford, economist and best-selling author of The Undercover Economist and The Undercover Economist Strikes Back, discusses the necessity for humility and realism when giving economic advice, why economists don’t know everything, and how to use a Monte Carlo simulator when building a financial plan.


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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at [email protected]