Hall of Shame: 12 of the Worst Financial Gurus

Specialists plays an important role in society, disseminating expert knowledge to those without time or inclination to become the same. There are gurus in all areas of life, from fitness to real estate to finance. Unfortunately, the predictions and advice of authorities in this last category have a less than stellar track record. Looking into the future with rose-colored glasses, finance gurus have led their followers into trouble time and time again – especially in the years preceding our current recession. Others didn’t exactly court disaster but rather, they emphatically gave dubious or downright wrong advice. Should anyone establish a financial guru “hall of shame”, these are our 12 inductees.

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