As one who's son is a broker, I cannot agree with the "broker conspiracy" theory. Nothing helps business better than good guidance. Brokers, just like you, me, and Brian, are fallible. Indeed, it is my contention that perspective is lost when we have information overload, and there is a good deal of research on judgment to back that contention. Brokers, being immersed in data, are often too close and are wrong.
I watch my son in pain when stocks he recommends go down. He gains business with good recommendations and loses it with bad ones. Given that money lends itself to emotions, you know he gets shit when he's wrong, and it affects his moods.
I know he wants me to make money. I also know that he, his firm, and I are fallible so I take responsibility for all my investment consequences. The Levine family motto is, "In life, you flush your own toilet!"
Blaming is a losing strategy.
fred |
