Added
to all its uses of arcane terms and jargon and acronyms that confuse
most of the public, Wall Street's inside players, and its analysts and
advisers, have to show you how truly bright they are at picking
winners.
So
they have come up with certification initials they post after their
names, that are hard for the public to comprehend. The initials
sound impressive but many are not as difficult to get as you may
think. In fact, many are looked at askance by regulatory authorities.
But
they help market advisory services. And they impose investor
inferiority. The fear of not quite being up to the task of competing
with “smarter” investors.
A
test is needed to get some certifications. But who says that passing
a test of routine questions makes someone a true expert at financial
matters?
It
does help someone understand the arcane terms and jargon and
acronyms which mean nothing in tipping investment odds in your favor.
(See the Earl J. Weinreb NewsHole® comments.)
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