Wall Street is a marketing machine - not a "great advice machine". They use fear and greed - the fear of losing money, the greed of making a killing - to sell, sell, sell. It's all smoke and mirrors - and the fundamental idea that supports it all is that "gurus" can predict with some regular degree of success.
Employ your Fear in your Family's Financial Planning
Exploding Retirement Income Myths
Watch out for "experts" - book review
Many individual investors have seen their portfolios devastated, despite having followed the advice of “experts.” They are left wondering, “What went wrong?”As you may have already guessed, the answer is that following the advice of “future tellers” disguised as investment pros is the wrong strategy. As Jim Cramer once famously said to Jon Stewart of The Daily Show, “I got a lot wrong.