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I can answer myself, dumb people will not be be reading about investments on the web. They would be spending away, or reading people/tabloids.
Suzie Orman sometimes gives good advice, but I think it only resonates with older crowd. Most younger crowd I see has no concept of managing their own money.
And as chip_designer pointed out. People who are terrible at money management aren't looking for investment advice. Instead they are out there buying houses they can't afford, max out their credit cards and whine until government bails out them. Some people manage finances worse than teenagers.
Suze Orman is useless. Her programs appears to be 95% talk show and book/dvd selling, versus 5% actual investment advice.
If you hope to LEARN something, stay away. You're not going to learn anything.
Come to think of it, most of the PBS programs on investing, retirement and so on a re like this. 100minutes of blah-blah and 10 minutes of actual advise.
I realize they are aiming these shows at the completely ignorant, but geez, they could have explained it all in five minutes.
Ed Slott is another one. He spends 2 hours explaining 3 principles that could be covered in 10 minutes max. What a waste of time.
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Sorry, this post has nothing to do with housing. I was just watching PBS suzie orman giving a show about money. The whole audience is all white. The things she talks is all common sense. She talks a lot of philosophy and about the new american dream. Its so funny. I cannot believe white people are that dumb about mgmg their money. I wonder does the audience relates to real white people, like here in this forum?
#housing