incentives can really skew how much you can rely on someone expertise

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The problem of incentives can really skew how much you can rely on someone else’s circle of competence. This is particularly acute in the financial realm. Until recently, nearly all financial products we might be pushed into had commissions attached to them—in other words, our advisor made more money by giving us one set of advice than another, regardless of its wisdom. Fortunately, the rise of things like index funds of the stock and bond markets has mostly alleviated the issue.

Link:: Great Mental Models, Volume 1

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