6 Disturbing Truths Your Financial Expert Won’t Disclose… But Should
- Expert advice is plagued with conflicts of interest
- Expert advice is often incomplete or inaccurate
- Expert advice can limit independent thinking
- Experts can be dishonest
- Experts can be self-deceived
- The whole idea of an investment expert is incongruent with the probabilistic nature of investing.
“An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.”– Laurence J. Peter
In this article I’ll explain the exact reasons why there’s no real alternative to becoming your own financial expert.
Yes, investing is complex, and it takes work to become your own financial authority, but there’s no other choice if freedom and financial security are your goals.
The alternative (trusting financial experts) has too many inherent flaws to justify risking your financial future.