Planning Briefs
Gurus Are Not Personal Financial Advice Professionals
Published Wednesday, March 9, 2022 at: 7:18 AM EST
With Russia in an existential economic war with most of the world, it’s a good time to mention a problem with the financial news media. The media create a mystique of infallibility of people they anoint as experts. It is only polite for a financial reporter on TV to treat an expert with respect on live TV, which gets replayed on TV and the internet. However, even though reporters may have the best of intentions, in giving great financial minds the respect they are due for their track record in the past, the financial media inadvertently portray sources as gurus without...
This article was written by a professional financial journalist for new michael mcdonald and is not intended as legal or investment advice.
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