Why Does Collective Knowledge Work?

Believe Collective Wisdom wins over Guessing.

by Charles Kochel on March 11, 2014 in Mindful Investing.
Jelly beans in a jar

Before a fiduciary standard is practiced by traditional Wall Street firms, there has to be a fundamental shift in the behavior of regulators and broker-dealer senior management. They must move from a rules-based framework, which requires little standard of care, to a principles-based framework, which requires a high standard of care.

 I continue to have strategic partnerships with some of the largest financial firms in the world to steward client’s money, but remain independent, freeing us to make recommendations without regard to compensation or biased research.
The Jelly Bean Theory does not set well with Wall-Street, can you determine why?
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