Mark,That was an EXCELLENT, well thought-out post!I agree that I was harsh in my criticism of people like the guy in the article.I graduated with a finance degree in December of 1996 (I'm actually older than that, I just took a long time working my way through school). Anyway, all through college we were taught how to value companies. Well, I graduated from college right when the bubble started heating up. It was tough to be in the brokerage business back then because EVERYBODY was an investing expert.All through the bubble I was telling people that it wouldn't last and couldn't last. They just thought I was nuts. I guess people just forgot about what is important: EARNINGS. You can have the greatest idea ever, but if it doesn't have earnings eventually it will die. About employees: Congress was supposedly working on something to allow people in employer-sponsored retirement plans to get advice from third parties. I haven't heard too much as to how well that is going. That would be a cool job. Just going around and teaching people about asset allocation and the importance of rebalancing.JLPhttp://AllThingsFinancial.blogspot.com
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