Top Ten Types of Stockbrokers #7

Posted by Norb Vonnegut on 11/27/09 • Categorized as Advisers

#7 PULPIT POUNDERS

PULPIT POUNDERS are the polar opposites of ZOMBIES. They campaign to save you from the villains of Wall Street—even if it means dumping on their own firms. Self-righteous and highly opinionated, these stockbrokers can be passionate students of the markets. They offer well-considered rationales for their investment advice.

They sound compelling. But, beware, the advice is only as good as the PULPIT POUNDER, which is fine if he/she is destined to join the ranks of great investors like Warren Buffett or Julian Robertson. Some lack substance—all chorus and no verse—and it may be difficult to grade them as they harangue you about Wall Street’s garden of good and evil.

Recognize anyone you know?

Check back again as we continue our presentation. Once the series is complete, we will post our complete white paper on the Top 10 Species of Stockbrokers.

About the author

Norb Vonnegut wrote 158 articles on this blog.

Do you ever feel the financial news makes no sense? Do stories leave you with more questions than answers? I created Acrimoney to discuss Wall Street’s behavior behind the headlines. As a veteran of a wealth management business that exceeded $1 billion in assets, I offer insight into the people and the “doings” that affect your money. I’ll start the discussion. But I hope you’ll jump in and say what you think.