When I read something like this, I think of all the debacles I've seen among my clients over the years. Can't help but think that what James Kwak is saying about bankers applies equally well to stock brokers and financial advisors. In that regard, if James is just now discovering this, he could have saved himself some trouble by reading something that John Bogle wrote almost 40 years ago.
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NT-Regression to the Mean (James Kwak)
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