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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks

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To: BWAC who wrote (4965)4/10/2002 2:04:54 PM
From: BWAC  Read Replies (2) of 5499
 
Which brings up something I have never understood which continually amazes me.

You have CPA's who went through some of the most stringent financial training around. Who operate inside businesses, who do operational audits, who do financial audits, who understand the financial worth of a business model and can rationally calculate it (for ex. YHOO worth $250 BILLION my ass, JDSU worth $220 Billion?), etc.

Yet its like pulling teeth and near impossible for these highly trained professionals, who have no inside market manipulative ties or abilities or trading operations, to offer and get paid for specific investment advice and still maintain a CPA practice. And its even harder when the client thinks his Merrill broker is knowledgeable cause they have more marble in their office and fluff his tush evry time he goes in.

Meanwhile, the college majors who went the General Business education degree track and got a brief watered down thanks for your tuition skill specific useless degree. 4 accounting courses, 4 Finance, 4 marketing, 2 Management and 2 economics. Get called brokers and licensed as professionals by the SEC. And get to use their business expertise (or significant lack thereof) combined with the perceived legitimacy of SEC licensure to pawn and siphon funds off their customers with absolutely irresponsible advice. AND HAVE ULTIMATELY NO PROFESSIONAL LIABILITY for gross errors or advice.

How the hell is this? I want to be a broker pimp. What a job.
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