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Would you suggest that a client walk into a courtroom without legal representation? Probably not. The same applies to financial advice. As a financial adviser, I want my clients to use my counsel for any and every financial decision they make. Many people manage their own money, and some even do OK; it depends on the circumstances. I recently came across an interesting article called “The Probability of Success.” In it, the author, William Bernstein, gives an interesting perspective for people who want to manage their own investments. In this article I briefly summarize the four “ingredients” Bernstein suggests the do-it-yourself investor needs to be a successful at managing their own money.
In the final of four videso from Canadian Lawyer’s roundtable series law firm management, moderated by editorial director Gail J. Cohen and sponsored by the Phoenix Legal Group, our panel of lawyer and non-lawyer management gurus examine the growing articling crisis. This hot topic is on the minds of many law students and continues to be a vexing issue for the profession.