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— Alexei Navalny"Putin and his advisers don't understand the power of public opinion in the West. They believe in conspiracy theories and that someone is orchestrating a malicious campaign against Russia. They don't realize that even conservative politicians have to react when newspapers and artists express their concern on such an issue."
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Having a financial adviser enables the investor to carry a psychological call option. If the investment decision turns out well, the investor takes the credit, and if it turns out badly, the regret can be lowered by blaming the adviser.
— Hersh Shefrin
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Advisers who think that they are very clever while all around them are a bit thick, and that all the problems of the world would be solved if the thick listened to the clever, are liable to be disappointed.
— Geoff Mulgan
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