
What Happens When an Economist Turns Financial Advice Upside Down?
The Investopedia Express with Caleb Silver
00:00
The Conflict Between Selling Product and Giving Advice
I don't think you should be selling product and giving advice Simultaneously, that's why my software company sells no products takes no advertising makes no recommendations of advisors. I also use our software for research We've gotten support from research support from the Sloan Foundation National Institute of Aging Which is part of NIH from the Federal Reserve Bank of Atlanta So this is kind of my project. It's not I'm not coming at it from trying to make money Which is what Wall Street is doing and that really influences? Underlies their entire approach to financial planning. There's about 500,000 of them of being untrustworthy but they're basically all trustworthy as a result of using tools geared towards product
Transcript
Play full episode