His investment advice is pretty spot on for the average Joe that calls his show. Now, if we're talking a high income and such then I agree, it's time to get more sophisticated, but 90%+ of America doesn't need to be a sophisticated investor.
I googled him and saw this "debt is dumb and why wealthy people don't use it." Just pure BS. Show me a wealthy real estate investor that doesn't leverage the properties. I also have many clients who stupidly pay down their mortgage 4% mortgage despite them needing income. basically if you have under say $500k in liquid investments a financial advisor has to rip you off to make it worth his/her time to give you advice. I have wealthy clients who pay all in to me less than many index funds.
depends on the asset size and whether we are doing financial planning, estate planning, business succession, retirement planning, etc or just want pure investment advice. anything under a $1 million is generally 1% for the full boat. I have bigger clients paying as low as .25%. also can depend somewhat on whether i'm running the account personally or farming it out to managers.
Becoming disillusioned with Graham. Spends all this time talking about what you should do, without giving any guideance on how to do it.
financial brokers take a fee, and Vanguard has lower fees and their low-index mutual funds perform higher than 90 percent of all brokers. So for the average person, it's the best option.
I very much doubt anyone has read his book and gone and made money because of it. graham (and buffett in particular) had pseudo inside information when they bought the companies they bought. he more explains a philosophy rather than actionable ideas.
they also (as far as i'm aware) don't have people trying to sell you their high cost wrap programs like fidelity and schwabb. if you are doing the latter you might as well pay for someone with actual financial experience compared to the retards schabb and to a far lesser extent fidelity hires.
Old school undervalued cash flow and balance sheet ignorance on public stocks is finished. Fundamental analysis hasn't changed remarkably and they don't have a magic formula. He's not going to tell anyone what to do. He's going to list a range of metrics that should tell you to invest. Unfortunately, you aren't going to find those as readily as he did nor have access like Buffett has had.
Yup before the bull market of the 80s you could literally find stocks trading below cash per share. No chance of finding that today.
