"Ask yourself why anyone who had the expertise to “outperform” the stock market would work for a salary, bonus and commissions as a broker or portfolio manager. "
This is the killer question. I consider the same question with people who teach or write books.
Sometimes they demonstrably have the skills they say and sometimes are doing it for status, not money. Often those are older guys who want to pass on some learning to the youngs, for the feels.
But in many cases those who can't - teach. Or talk.
"Ask yourself why anyone who had the expertise to “outperform” the stock market would work for a salary, bonus and commissions as a broker or portfolio manager. "
This is the killer question. I consider the same question with people who teach or write books.
Sometimes they demonstrably have the skills they say and sometimes are doing it for status, not money. Often those are older guys who want to pass on some learning to the youngs, for the feels.
But in many cases those who can't - teach. Or talk.