The Whims of the People
Recently, I heard a discussion by a well known “media financial planner”, who, for years, limited her conversations to topics that she truly had knowledge of. Comments on tax planning, estate planning and protection against liabilities were always welcomed. But this conversation was different. All of a sudden, without warning, she had morphed into a portfolio manager, advising the rest of us how to speculate in the market based on her feelings concerning the economics of the world.
Recently, I heard a discussion by a well known “media financial planner”, who, for years, limited her conversations to topics that she truly had knowledge of. Comments on tax planning, estate planning and protection against liabilities were always welcomed. But this conversation was different. All of a sudden, without warning, she had morphed into a portfolio manager, advising the rest of us how to speculate in the market based on her feelings concerning the economics of the world.
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