Thank you for your comment, but I don't think i can agree with you, and I will tell you why:
When we talk about trust we talk about a knowledge or a faith, a belief that someone's actions will be accordance with our wishes. And you are right, when it comes to financial intermediaries it is often about TRUST based on faith and believes, because their clients are usually not educated enough to be able to verify if the intermediary not only is qualified enough, but also honest with them. The clients are in most cases not capable of veryfing that, because they are not only educated enough (and yes, in my opinion, they should be and), but also often do not have enough time to make their research in order to verify the given informations.
I believe that the greatest enemy of knowledge is not ignorance, but the illusion of knowledge, and due to that I believe that people who are not educated enough and not qualified enough (just like many of youtubers) SHOULD NOT try to form opinion of others. You are probably fully aware of its implications. In my opinion, because of that, the world becomes bigger and bigger mess, instead of better and better place.
We were not talking about my own mistakes and I can't see how you deduced that.
By the way, did you find the article interesting overall?
No, while you wrote a proper article-- no beef with that-- we think the content is irrelevant. To believe in all this Financial Who-sis-What-sis Stuff, you have to ALSO believe you have a fix which will prevent financial fraud. We've never seen a fix, no matter how many governmental watch-agencies you throw at it. In stocks, the SEC is a joke. At BEST, you try to research your broker to see if your investing incentives align with their money-making incentives. But at the end of the day, YOU are in control, and YOU are responsible. To let people think they can be coddled by a stranger bc of some legalese laws or jargon, is just more obfuscation.
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