This three-part Youtube clip of a recent speech by Bob Shiller is worth watching. His comments near the end of Part 2 on the lack of unbiased financial advice is something I have been harping on for years now. The present crisis came from a failure to manage risk. It is also a mess caused by widespread financial ignorance and the salesmanship of the money business.
We can't take medical advice from drug manufacturers. We can't take financial advice from financial broker/dealers.
Here is Part 3:
Here is Part 1:
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
“Juggling Dynamite, #1 pick for best new books about money and markets.”
“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”