EP25 - Wall Street's Grand Deception - Norman Pappous

Tuesday, January 3, 2023

Show Notes

Norman Pappous spent years working in the Financial Advisor industry and has revealed some disturbing truths in his new book Wall Street's Grand Deception: Why Your Financial Advisor Might be Hazardous to Your Wealth and What You Can Do About It.   The current system is broken, and Norman details how to tell if your Financial Advisor has conflicting interests, and how one should find and fairly compensate a Financial Advisor.   ( https://www.amazon.com/Wall-Streets-Grand-Deception-Financial/dp/B0BF2Z1L2L )

Driven by a family tragedy, Norman has made it his mission to transform the Financial Advisor industry into  what it was always meant to be.  An industry focused on helping people first and foremost. 

Links mentioned in this episode include:
Check your broker's history - https://brokercheck.finra.org/
US Debt Clock - https://www.usdebtclock.org/

Books mentioned in this episode include:
Wall Street's Grand Deception  by  Norman D. Pappous
The Four Pillars of Investing  by  William Bernstein
The Great Mutual Fund Trap  by  Gregory Baer and Gary Gensler
The Psychology of Money  by  Morgan Housel
Fooled by Randomness  by  Nassim Nicholas Taleb
Market Wizards: Interviews with Top Traders  by  Jack D. Schwager