Hi Colin,

I agree. Most of the financial industry is focused on creating investments that will sell and are easy to market, instead of the highest quality investments.I call this the “business of investing” vs. the “profession of investing”.

For example, many mutual funds are managed by closet indexers, instead of true stock-pickers: https://edrempel.com/closet-indexers-vs-stock-pickers-truly-active-managers-outperform/ .

Today, most investors have missed much of our 8-year bull market because the industry has been focused on marketing defensive investments since 2008.

I see it everywhere in financial planning, where nearly all advisors promote that they offer financial planning, but less than 1% have prepared even a single professional financial plan in their career.

In the financial world, you always need to look passed the marketing to find high quality financial planning advice and high quality stock picking All Star Fund Managers.

Ed