The Only Financial Disclaimer You’ll Ever Need

Below is the only financial disclaimer you’ll ever need, it applies to every product, service or transaction you’ll ever be involved with.  You’re welcome. – JB

 

Dear Reasonably Intelligent Human:

From this moment forward, assume that everything you ever hear a financial professional say is in some way designed to sell something to you.  Every written word, oral communication, media appearance, email, letter, phone call or text is in some way, directly or indirectly, a solicitation for some kind of product or service.  And if it isn’t, well at least you erred on the side of caution.

No one is your friend or doing you a favor.  No one is giving you free advice or trying to help you for nothing.  Even those with your best interests at heart are still trying to make money as a result of working for you or with you.  That’s how the world works.  Everyone is trying to make money to feed their family/drug addiction.

Read the fine print.  Read the bold print.  Ask questions.  Don’t say yes to things you don’t need, don’t do business with people you don’t trust, don’t buy things you can’t understand.

Assume that most people in finance are good, some are scumbags and all of them are inherently flawed human beings and biased business people trying to sway you and your capital in their direction.  There is nothing wrong with this, it just is.  It will never change, even if Dodd and Frank and Sarbanes and Oxley holed up in Hawaii, had a vicious foursome as the waves of the Pacific lapped against the shore, produced a love child and crowned it Emperor of All Things Financial.

The truth is, they could pass laws against 100 ways to fuck you over on a Monday and by Tuesday afternoon someone will have come up with the 101st.  Lawmakers and regulators will never be able to see far enough ahead or move quickly enough to match the cunning of the crooks.

As a rule of thumb, anytime someone on Wall Street offers you something for cheap you probably don’t want it.  Anytime someone offers you something for free, you definitely don’t.

If you can’t understand this, you will probably lose a lot of money.  You may even deserve to.

That’s life, that’s business. You don’t like it? Move to the Arctic Circle and marry a fucking walrus.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. tam commented on Jan 25

    tam

    […]here are some links to web pages that we link to for the reason that we consider they are really worth visiting[…]

  2. تبلیغات در گوگل commented on Jan 26

    تبلیغات در گوگل

    I’m really experiencing the style and format of your website. It is a very simple on the eyes which tends to make it a lot more nice for me to occur here and go to much more usually. Did you hire out a developer to produce your theme? Exceptional opera…

  3. خرید وی پی ان commented on Jan 27

    خرید vpn

    Hi there there! Do you know if they make any plugins to help with Research Engine Optimization? I’m striving to get my website to rank for some qualified key phrases but I’m not seeing quite very good outcomes. If you know of any remember to share. Enj…

  4. خرید اکانت vpn commented on Jan 27

    خرید کریو

    Thanks for an additional educational world wide web site. The place else could I get that sort of data created in this kind of an perfect method?I have a venture that I’m just now managing on, and I have been at the seem outfor these kinds of info.

  5. خرید وی پی ان commented on Jan 27

    خرید vpn

    Hey, I believe your site might be obtaining browser compatibility problems. When I seem at your blog in Chrome, it looks fine but when opening in World wide web Explorer, it has some overlapping. I just desired to give you a quick heads up! Other then…

  6. Immigration Lawyers in London commented on Jan 27

    Immigration Lawyers in London

    […]very few sites that come about to become comprehensive beneath, from our point of view are undoubtedly nicely really worth checking out[…]

  7. Family Law Solicitors in London commented on Jan 28

    Family Law Solicitors in London

    […]usually posts some pretty intriguing stuff like this. If you are new to this site[…]

  8. نحوه تنظیم پروکسی تلگرام commented on Jan 28

    پروکسی تلگرام

    Great blog! I found it while surfing about on Yahoo Information. Do you have any ideas on how to get listed in Yahoo News? I’ve been making an attempt for a whilst but I never appear to get there! Cheers

  9. خرید اکانت vpn commented on Jan 28

    خرید vpn

    Genuinely when somebody does not be informed of afterward its up to other viewers that they will assist, so listed here it occurs.

  10. Services in Croydon commented on Jan 29

    Services in Croydon

    […]one of our guests a short while ago suggested the following website[…]

  11. تبلیغ گوگل commented on Jan 30

    تبلیغات در گوگل

    Compose a lot more, thats all I have to say. Actually, it would seem as however you relied on the video clip to make your level. You obviously know what youre chatting about, why squander your intelligence on just submitting films to your website when…

  12. خرید اکانت vpn commented on Jan 30

    خرید vpn

    Greetings from Florida! I’m bored to demise at perform so I made a decision to check out your website on my apple iphone for the duration of lunch break. I appreciate the data you give right here and simply cannot wait to take a appear when I get resid…

  13. قیمت کولر آبی 35000 commented on Jan 30

    خرید کولر صنعتی

    Sohan is also being accused of leaving the jurisdiction in December last yr with out permission.

  14. dual stimulator commented on Jan 30

    dual stimulator

    […]the time to study or check out the content or web sites we’ve linked to below the[…]