10 most famous financial advisors

The most famous financial advisors in history are diverse. They include successful investors who share knowledge with the public, TV personalities who write books, and scammers. Ten of them are discussed below.

Benjamin Graham

Benjamin Graham is known as the father of value investing, which involves identifying and buying undervalued stocks that may grow over time.In order to calculate the intrinsic value of the company, his method avoided trends and hot ideas, and instead relied on diligent research, thorough financial analysis, and patience-standard concepts today, but revolutionary when introduced in the 1930s. Graham’s disciples include many of the most successful investors in the past 70 years.His 1949 book Smart investor Regardless of the investment method adopted, all asset management companies and stock traders must read it.

Warren Buffett

Investor Warren Buffett, “The Oracle of Omaha”, is one of Graham’s most famous followers (his extraordinary track record, publicly attributed to Graham’s principles, helped his mentor’s name stay alive) .Buffett does not always follow Graham’s rule of diversification: he usually prefers to focus his investment on the company. After providing considerable profits for his original partners, Buffett went public through the acquisition of Berkshire Hathaway (BRK-A) at the end of 1964, making it a holding company for his other investments.The $1,000 investment in Berkshire Hathaway in 1964 is now worth more than $20.6 million, with an annual growth rate of nearly 20%.

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Peter Lynch

Peter Lynch managed the Fidelity Magellan Fund (FMAGX) from 1977 to 1990.During his tenure, he provided investors with a compound annual rate of return of 29%.After leaving the fund, Lynch wrote three best-selling books detailing his investment philosophy and emphasizing that small investors perform better in the stock market than large asset management companies.

Dave Ramsey

Dave Ramsey is a radio and television personality who has written six best-selling books.On the joint radio show “The Dave Ramsey Show”, he takes calls from people with financial problems and discusses solutions with them. His basic philosophy is to live without debts. He suggested that people take concrete steps to get rid of debt and not fall into debt again.

Suss Allman

As an Emmy-winning TV host (her “Suzallman Show” has been aired on CNBC for 13 years) and best-selling author of many books, Suzallman expressed with her smile Known for his arrogant and aggressive style. One of her hallmarks is to explain to people who want to make major discretionary purchases that they just can’t afford it.She appeared in “Oprah Winfrey Show” and “Today Show”, as well as in Oh Magazine, making her one of the most famous and well-known financial advisors of all time.

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Jim Cramer

The TV presenter Jim Cramer, who is a hedge fund manager, is known for being able to immediately comment on any stock or economic issue. His CNBC show “Mad Money” is a loud and very fast-paced show. In the seemingly chaotic situation, Kramer provided solid practical information aimed at teaching individuals to think like financial experts.He also has a website, TheStreet.com, which provides news, comments and suggestions related to Wall Street.

Robert Kiyosaki

The author of the best-selling “Rich Dad, Poor Dad” series (sold more than 30 million copies) also organizes personal finance and real estate seminars (through his rich dad company franchise).His basic idea is: Create passive investment income streams and continue to grow until they can support you without you having to work.

Ben Stein

The famous actor and host of “Win Benstein’s Money” at the Comedy Center is a former economist and law professor. His Hollywood image has made him a sought-after guest on various financial news programs. His suggestions and opinions are straightforward and to the point.

Charles Ponts

Charles Ponzi did not invent the pyramid scheme, but his version was so bold that all subsequent scams of similar nature were named Ponzi schemes after him. In 1919-20, under the leadership of a company called a securities exchange company, he promised to get a 50% return within 45 days or a 100% return within 90 days.Because of his successful reputation in post-stamp coupon arbitrage, he immediately attracted investors. But Ponzi did not actually invest, but redistributed it and told investors that they made a profit—and at the same time, pocketed a large portion of the proceeds.

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Bernard Madoff

Bernie Madoff may be Charles Ponzi’s most notorious disciple. In the 1970s and 1980s, Madoff ran a legal securities company and served as chairman of the Nasdaq for three years in the 1990s. He used this business as a cover to create a hedge fund department. Although he pretended to use complex trading strategies, it was completely fictitious: he just deposited new funds into a single bank account, which he used to pay for the cash of existing customers. . Despite this, his returns and reputation seem to be so good that thousands of wealthy and famous people, and even other hedge funds have invested with him. It wasn’t until the 2008 financial crisis that Madoff could not keep up with the pace of redemptions that his operation was exposed as a $65 billion Ponzi scheme. Madoff died in prison on April 14, 2021.

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