Financial experts are all around but no one is vetting them for expertise. Be careful. That can be dangerous for longer-term investors who permit themselves to be impressed by the advice the “expert” offers.
No Wall Street or financial community commentator or analyst has had to pass a genuine business-achievement test to determine expertise.
Forget about those fancy letters that many have attached after their names. They’re supposed to signify the experts had passed some test, or belong to a group who have. The public assumes this testing and association bestows a knowledge that members know what they are talking about when it comes to financial business operations.
Passing a test of conventional thinking doesn’t necessarily confirm expertise.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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