A short seminar remark by Ndubuisi 'Andy' Egwim advising medical professionals to be cautious when dealing with the financial industry. Egwim contrasts medicine’s higher interpersonal/ethical trust norms with finance’s ‘trust but verify’ culture and recommends doctors more carefully vet financial advisors and referrals.
Right. And again, the third thing I'll say that makes this seminar a little bit different apart from my background and the father for doctors is is quite specific to doctors that the financial industry doesn't play by the same rules as medicine plays. So if Imelda, I know Imelda is gp. If Imelda has handed me over like a patient and whatever she says I probably have, I'll lean more towards trusting what she says about the patient. If she writes me a referral letter, I'll lean more towards believing that in the financial industry is the other way around is trust but verify because the same level of ethics is not the same. So unfortunately when doctors go off and say, oh, I have this financial advisor and they said this and that, I'm like, who has used that financial advisor before? So doctors, when you're dealing with the financial industry, you need a little bit more late to work out, okay, who am I dealing with here?
