I have often reported how easy it is to become a financial guru. Look at the vast number of available books by purported experts, questionable analysts and costly advisers.
Keep this in mind whenever you get gratuitous advice, or see or hear a financial ad, giving one salesmen’s opinion for investing.
Sometimes advice may be in the form of a public relations release. Or you get a suggestion about how to find the next hot stock, or how to outwit inflation with often risky alternatives.
You must also overlook the conflicts of interest if the commentators, who rely on advertising, face a decision about criticizing would-be or current sponsors.
Too much advice from gurus are thus tainted (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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