Dear Financial Advisors of Water Cooler
I know there are at least two of you out there - and since I haven’t stirred the pot in a while, I figure it’s time I do just that.
I talk to A LOT of financial advisors - really just about no less than 40 a day. And the most common re-occurring theme they all reference when they’re in the process of shooting my quantitative based asset allocation skills down is that, they’re - individually - far superior stock pickers and don’t need help. I hear all the time: “I don’t need help, I constantly outperform the market in all assset classes all on my own. Seriously, my clients would kill me if I ever retired”.
Yeah, okay, that’s GREAT! Really fantastic. But, 100 of you in a row tell me that same message. I could believe it if every 1 out of 100 advisors said that message. But, when I hear a long string of superior return claiming advisors, I just have a hunch that SOMEONE is lying to me.
What gives? Is being a financial advisor the last great hope for making $10k a day?
¯\_(ツ)_/¯ It be like that sometimes.
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