Older investors want to be safe. Liquidity is good at Happy Hour.
A physician analogy is too noble. Advisors have a few solutions looking for problems that fit. Physicians identify (diagnose) problems and craft solutions. The Hippocratic Oath of investment consulting should be "Protect my clients from undo investment losses."
Hi Dr. Brody,
Older investors want to be safe. Liquidity is good at Happy Hour.
A physician analogy is too noble. Advisors have a few solutions looking for problems that fit. Physicians identify (diagnose) problems and craft solutions. The Hippocratic Oath of investment consulting should be "Protect my clients from undo investment losses."