Tom Cock interviews Mark Hebner on the value of a passive advisor. People are hardwired to make poor decisions when it comes to money, which leads investors to earn returns far below the market. There can actually be an addictive nature to investing, but a quality passive advisor can help an investor manage emotions and avoid outcomes of bad behavior. Hebner discusses a study that shows how people flow in and out of investments at the wrong time, leading investors to earn less than the fund itself. He also discusses a key chart that displays investor success at capturing fund returns with and without a passive advisor. Future ifa.tv topics are presented: Investing Instruments, Science Meets Art, the 401 (k)orner, and Pillars of Finance.