Almost anyone can be a financial pundit. Unlike legitimate professions, no formal training or certification is required. If you have a web cam, you can call yourself a "financial professional" and offer your opinions on a wide range of financial subjects. Unfortunately, some investors will rely on your "expert opinion", and suffer the inevitable consequences.
A recent interview with James Altucher on Yahoo'sDaily Ticker illustrates everything that is wrong with financial journalism. It's not easy to do that in one interview
http://www.huffingtonpost.com/dan-solin/financial-news-is-destroy_b_855828.html
Comments