Financial Experts Could Be Hazardous to Your Wealth
Many people believe that the job of financial services professionals is to advise clients on the near-term direction of the market, prescribing which assets will outperform over the next week, month, quarter or year.
The landscape can be very confusing, as investors will find a tremendous divergence of opinion regarding the current state and future direction of the stock and bond markets.
Johnson, Robert R. PhD, "Financial Experts Could Be Hazardous to Your Wealth" (2017). Faculty Publications. 736.