4/15/2009 12:43:06 AM
MSNBC, Ramsey, Motley Fool
Shoot, just watch one night of MSNBC to get a solid idea of how ludicrous the information is out there. These guys shell out "advice" every five minutes. And their regular news is doom and gloom with little truth, in my eyes. They offer no education and have such a following, I cannot believe it. In "Good and Evil", I believe Nietzche hits it right on the head that 99% of the population is just following and pretty much plain dumbed down.
Another one is Ramsey with "Financial Peace". He does have some good advice for the masses, but is very flawed in many aspects. I recently started taking his course. I thought I would learn something. At the end of each session there is group discussion by so-called leaders. Well, tell you what, the leaders know little. On one discussion time I had to educate the leader on available Money Market Funds to hold the "Emergency Fund" in. Another one was when the people didn't even know about what kind of deals there are to be had in the foreclosure market. The one thing I learned in the course is that Nietzche is correct - 99% just don't get it. I attended my first five or six courses and then just gave up - I couldn't take the naivety and downright stupity any longer.
One last one is Motley Fool. I recently received the newsletter and I never thought they would say this one: They advocated financial advice from a counselor and mentioned nothing about doing your own research. I think business must be down with their stuff and they are possibly putting on a scare so people would attend more to buying product. I never thought I would see that with this company. I unsubscribed.