Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Up your LinkedIn profile don't impress me much? Was Shania
Twains song. Right. I actually looked at the lyrics here,
said I've known a few guys who thought they were
pretty smart. But you've got being right down to an art.
You think you're a genius, you drive me up the wall.
You're a regular original, a know it all?
Speaker 1 (00:37):
Okay?
Speaker 2 (00:39):
Yeah, yeah, your LinkedIn profile, your emails signature, it don't
impress me much. There was a great piece today. It's
actually written by professor's name is John Mascow, and he's
talking about titular inflation. Yeah we're not just talking about
(01:00):
regular inflation. We're talking about title inflation. And he's talking
about how, you know, period of time when all of
a sudden, all of a sudden, people started increasing their
email signatures. And he talked about how freshman year students
stated their name, school, school year, senior year, and they
(01:22):
included BA or BS candidate and a list of every
menial position in a student club and often and inspirational quote.
And he said teachers signatures likewise inflated into miniature cvs,
professional society memberships, fellowships, their assistant editorship of an obscure journal,
(01:44):
and their most recent book with Amazon link. But the
ones that were always the most respected, whether it be
for their their brains, their character, their kindness, noticed, they
tend to have the shortest signatures. He says, we've reached
(02:06):
peak title inflation. Associates or assistants have been promoted to coordinator,
physician assistants have become advanced practice providers, and he mentions
from the Book of Matthews and saying not to sound
a trumpet before thee by touting one's accomplishments. We now
carry a whole brass band called LinkedIn, where everybody hordes
(02:29):
endorsement certifications and seek to be congratulated first for whatever
they've done. Again, I hate LinkedIn? Yes am I on LinkedIn?
Yes I do have page there on LinkedIn? Do I
go on to LinkedIn? Maybe kicking and screaming no, no,
(02:53):
I don't go there. Man. The funny thing is is
that I get pitched all the time there or shot
all usual LinkedIn you know a little bit more to
reach out to people like rather stick a hot poker
in my eye. Anyway, the dark side of America's title
obsession is that it has preoccupied us with acquiring the
(03:16):
signals of knowledge titles, citations, rather than the actual knowledge
to back them up, and it has robbed us of
the joy as simply being a student. And he talked
about he mentioned Socrates being professed that he only knew
that he knew nothing. How often when I say that
you know you're smart when you don't know, you don't
(03:37):
know what you don't know, you understand that you don't
know what you don't know. Anyway, Yeah, I again, I
actually talked to college kids, and I talked to my
son about this. I said, anybody worth working for is
going to be able. Don't don't less is more, be pithy, Okay,
don't put BS crap onto your resume or any of
(03:59):
that nonsense right there, because again, anybody that's worth working
for in the first place is going to be able
to smell that BS. Years ago, I talked about this
in my field and all of these ridiculous, nonsensical designations
that various different shlockbrokers and bad financial advisors would tack
(04:21):
on to their business card. Here was one, there was
here was a couple here I wrote about. There was
see this wealth Management Expert WME, Certified Senior Advisor CSA,
Certified and long Term Care CLTC uh huh. And again
(04:43):
I used to get invited all the time. I'm sure
you have as well, to various different free lunch, free
dinner scaminars where you would get these things, and these
people would have all of these designations after their name.
I took a look into some of these designations back
in the day. The Wealth Management Expert that was obtained
from Kaplan University. In order to obtain this prestigious designation,
(05:10):
you need to have a high school diploma. You had
to pay tuition a five hundred and ninety five dollars,
take seven online classes, pass an open book tests yay.
According to cap From the whole process could take less
than a month and you could get yourself a diploma
and your WME designation. You ever see that you go
(05:31):
into like you always get these local bank branches where
they have their you know, their designated financial advisor working there,
and you walk into their office, and you've got these.
Look at some of the designations on the wall with
all these weird letters. You never heard of these things
in your entire life. Also accompanied by the picture with
(05:54):
a local politician that they paid for as well by
giving to their campaign at some point in time. Certified
Senior Advisor designation, which is again widely abused by a
lot of bad brokers out there. Again they hold themselves
(06:14):
out to be real financial planners senior certified Senior Advisor,
but all they do is hawk annuities. There are insurance
guys selling high commission products. To get your csa twelve
hundred bucks, three day workshop and then open book one
hundred and fifty question Examo boy, tough stuff right there.
(06:37):
Tough stuff. Then you get the Certified and long Term
care thousand bucks. It's a two day master class, an
online course, pass a written exam, and all of a
sudden you get one of those designations. Listen, people, don't
b s okay, don't be asked, don't bs on your CV.
(06:59):
You're going to add all of this nonsense on there.
It's gonna be the quickest way for me to hit
the delete button and other people like me to see
a BS and around your CV or ridiculous email signature. Okay,
don't press me much. Watch Dog on Wall Street dot
com