[njtosd]

[quote=briansd1]

. . . The least educated people are, the more they respond to emotional marketing.

. . . [/quote]

Umm – how many ways can I think of to refute this comment? Let’s see, how about all of the doctors and lawyers who drive luxury cars that are sold using advertising that suggests that such cars will make them attractive to women? How about the fact that if marketing didn’t work as well on educated people we wouldn’t see as much marketing directed toward goods/services that require a high income?

In any event, I feel compelled to raise an objection to a stereotype that smart level headed well educated people make better emotional choices than less well educated people. I think the Unabomber is a good example of the fallacy there. Or we can go back to Ptahhotpe (Egyptian, 24th century A.D.):

“Do not be arrogant because of your knowledge. . . Good speech is more hidden than malachite, yet it is found in the possession of women slaves at the millstones.”

[njtosd]

[quote=briansd1]

. . . The least educated people are, the more they respond to emotional marketing.

. . . [/quote]

Umm – how many ways can I think of to refute this comment? Let’s see, how about all of the doctors and lawyers who drive luxury cars that are sold using advertising that suggests that such cars will make them attractive to women? How about the fact that if marketing didn’t work as well on educated people we wouldn’t see as much marketing directed toward goods/services that require a high income?

In any event, I feel compelled to raise an objection to a stereotype that smart level headed well educated people make better emotional choices than less well educated people. I think the Unabomber is a good example of the fallacy there. Or we can go back to Ptahhotpe (Egyptian, 24th century A.D.):

“Do not be arrogant because of your knowledge. . . Good speech is more hidden than malachite, yet it is found in the possession of women slaves at the millstones.”

[njtosd]

[quote=briansd1] . . .

It’s better than doing nothing. I’m glad that we now have a consumer protection agency.

. . . [/quote]

You may argue about how well it does it’s job, but we have long had the Federal Trade Commission (FTC), whose dual responsibilities are basically antitrust and consumer protection.

[njtosd]

[quote=briansd1] . . .

It’s better than doing nothing. I’m glad that we now have a consumer protection agency.

. . . [/quote]

You may argue about how well it does it’s job, but we have long had the Federal Trade Commission (FTC), whose dual responsibilities are basically antitrust and consumer protection.

[njtosd]

[quote=briansd1] . . .

It’s better than doing nothing. I’m glad that we now have a consumer protection agency.

. . . [/quote]

You may argue about how well it does it’s job, but we have long had the Federal Trade Commission (FTC), whose dual responsibilities are basically antitrust and consumer protection.

[njtosd]

[quote=briansd1] . . .

It’s better than doing nothing. I’m glad that we now have a consumer protection agency.

. . . [/quote]

You may argue about how well it does it’s job, but we have long had the Federal Trade Commission (FTC), whose dual responsibilities are basically antitrust and consumer protection.

[njtosd]

[quote=briansd1] . . .

It’s better than doing nothing. I’m glad that we now have a consumer protection agency.

. . . [/quote]

You may argue about how well it does it’s job, but we have long had the Federal Trade Commission (FTC), whose dual responsibilities are basically antitrust and consumer protection.

[njtosd]

As a starting point, there will always be people who are bad at their jobs. That’s not illegal, and a bit of inquiry will usually allow you to avoid those people (and hopefully the marketplace will eventually put the bad ones out of business). If it’s more than just lack of talent, people can always file suit for fraud, negligence, misrepresentation, and perhaps file an ethics complaint if that’s available.
IMHO, it’s not the government’s job to be looking over the shoulder of every professional. If the average joe would take appropriate steps when he/she has been the victim of something more than simply making a poor choice, a lot of the bad actors would be weeded out.

[njtosd]

As a starting point, there will always be people who are bad at their jobs. That’s not illegal, and a bit of inquiry will usually allow you to avoid those people (and hopefully the marketplace will eventually put the bad ones out of business). If it’s more than just lack of talent, people can always file suit for fraud, negligence, misrepresentation, and perhaps file an ethics complaint if that’s available.
IMHO, it’s not the government’s job to be looking over the shoulder of every professional. If the average joe would take appropriate steps when he/she has been the victim of something more than simply making a poor choice, a lot of the bad actors would be weeded out.

[njtosd]

As a starting point, there will always be people who are bad at their jobs. That’s not illegal, and a bit of inquiry will usually allow you to avoid those people (and hopefully the marketplace will eventually put the bad ones out of business). If it’s more than just lack of talent, people can always file suit for fraud, negligence, misrepresentation, and perhaps file an ethics complaint if that’s available.
IMHO, it’s not the government’s job to be looking over the shoulder of every professional. If the average joe would take appropriate steps when he/she has been the victim of something more than simply making a poor choice, a lot of the bad actors would be weeded out.

[njtosd]

As a starting point, there will always be people who are bad at their jobs. That’s not illegal, and a bit of inquiry will usually allow you to avoid those people (and hopefully the marketplace will eventually put the bad ones out of business). If it’s more than just lack of talent, people can always file suit for fraud, negligence, misrepresentation, and perhaps file an ethics complaint if that’s available.
IMHO, it’s not the government’s job to be looking over the shoulder of every professional. If the average joe would take appropriate steps when he/she has been the victim of something more than simply making a poor choice, a lot of the bad actors would be weeded out.

[njtosd]

As a starting point, there will always be people who are bad at their jobs. That’s not illegal, and a bit of inquiry will usually allow you to avoid those people (and hopefully the marketplace will eventually put the bad ones out of business). If it’s more than just lack of talent, people can always file suit for fraud, negligence, misrepresentation, and perhaps file an ethics complaint if that’s available.
IMHO, it’s not the government’s job to be looking over the shoulder of every professional. If the average joe would take appropriate steps when he/she has been the victim of something more than simply making a poor choice, a lot of the bad actors would be weeded out.

[njtosd]

[quote=davelj]That the CFA Institute – as an ORGANIZATION – professes to care about ethics should come as no surprise. Much as the American Institute of CPAs also professes to care about ethics, despite the clear conflicts that many CPAs face and often don’t handle particularly well. (Throw the American Bar Association vis-a-vis lawyers in there as well. I could go on.)

. . .
[/quote]

I don’t know about the CFA Institute, but the American Bar Association is a voluntary group that is primarily educational in nature. It has no ability to enforce anything. Attorneys take state bar exams; professional ethics inquiries are handled by an office of the state (may or may not be the state bar association, depending on whether it’s an integrated bar). In any event, these organizations take ethics charges VERY SERIOUSLY, but they only investigate issues that are brought to their attention. So although there are lots of crooked lawyers out there, it is not the result of inattention by their bar associations (or equivalent). It’s the result of people not reporting problems (frequently because the clients who know about the transgressions aren’t squeaky clean either).

[njtosd]

[quote=davelj]That the CFA Institute – as an ORGANIZATION – professes to care about ethics should come as no surprise. Much as the American Institute of CPAs also professes to care about ethics, despite the clear conflicts that many CPAs face and often don’t handle particularly well. (Throw the American Bar Association vis-a-vis lawyers in there as well. I could go on.)

. . .
[/quote]

I don’t know about the CFA Institute, but the American Bar Association is a voluntary group that is primarily educational in nature. It has no ability to enforce anything. Attorneys take state bar exams; professional ethics inquiries are handled by an office of the state (may or may not be the state bar association, depending on whether it’s an integrated bar). In any event, these organizations take ethics charges VERY SERIOUSLY, but they only investigate issues that are brought to their attention. So although there are lots of crooked lawyers out there, it is not the result of inattention by their bar associations (or equivalent). It’s the result of people not reporting problems (frequently because the clients who know about the transgressions aren’t squeaky clean either).

[njtosd]

[quote=davelj]That the CFA Institute – as an ORGANIZATION – professes to care about ethics should come as no surprise. Much as the American Institute of CPAs also professes to care about ethics, despite the clear conflicts that many CPAs face and often don’t handle particularly well. (Throw the American Bar Association vis-a-vis lawyers in there as well. I could go on.)

. . .
[/quote]

I don’t know about the CFA Institute, but the American Bar Association is a voluntary group that is primarily educational in nature. It has no ability to enforce anything. Attorneys take state bar exams; professional ethics inquiries are handled by an office of the state (may or may not be the state bar association, depending on whether it’s an integrated bar). In any event, these organizations take ethics charges VERY SERIOUSLY, but they only investigate issues that are brought to their attention. So although there are lots of crooked lawyers out there, it is not the result of inattention by their bar associations (or equivalent). It’s the result of people not reporting problems (frequently because the clients who know about the transgressions aren’t squeaky clean either).

[Author]

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