August 14, 2014
How is a financial adviser like a palm reader?
"Dilbert" creator Scott Adams raised hackles when he recently compared investment advisers to palm readers. “It goes without saying that Scott Adams’s comparison wasn’t meant as a compliment to financial pros." according to reporter Priya Anand.
"The reason it is legal to open a palm reading shop is that the public understands it to be entertainment and not prediction," Adams wrote on his blog. "You can buy investment advice if you want it, but not until you sign a document acknowledging that science says no one has magical stock-picking skills ." So… Anand put his comparison to the test and was surprised by the "alarming number of similarities." Get the details at: http://www.marketwatch.com/story/we-asked-a-palm-reader-and-a-financial-adviser-how-to-handle-our-money-2014-08-13