Never forget that the practised pundit is making appearances and dropping quotes for the benefit of a firm or a career — and not necessarily for your benefit." — Anon Giving advice to a driver from the backseat of a car is easy enough and, for some, even seems to be enjoyable. Whether that individual is actually qualified to give advice is another issue. In the financial blogosphere and media there is a mass of backseat drivers recklessly directing investors off cliffs and into walls. There are no consequences for these blabbers. It’s the investors managing their personal portfolios who ultimately suffer the pain of failed financial dreams. Unlike drivers, who require a licence to drive to the local grocery store, there is no predetermined requirement for investors to drive their own portfolio and, unfortunately, that applies to the bloggers, journalists, economists, analysts, strategists and other pundits who give advice. A little charisma and articulation seem to be the main requi...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.