Research & Advice

|

Financial advisors are the worst

Financial advisors are the worst. And that’s coming from the guy who owns a financial advisory firm.

There are shades of “worst” for sure. For example, a couple decades ago, Paul Allen, co-founder of Microsoft, was being grilled about some bugs in the latest version of their software and he replied, “all operating systems suck; we just suck less.” And in that context. I’ll be the first to admit that my firm is far from perfect. Sometimes we take risks and instead of a reward, we see a loss. Sometimes we get defensive in anticipation of a market drop and the market doesn’t drop. The key is that, if you’re going to make a mistake, you make darn sure it’s a small mistake.