Do Financial Experts Make Better Decisions Than the Rest of Us? – The Atlantic.

The “Bottom Line” summary is NO!

“Experts are poorer at predictions than dart-throwing monkeys.”!

“The researchers found no evidence that these financial experts make better investments than peers of similar age, income, and education background—casting doubt on how much value is added by so-called expertise.”

A good read that emphasized that “Money Managers” are human too, making the same mistakes we make.  The question becomes, “how much value is added by professional managers?”  That can only be answered on in individual, case-by-case basis.