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Experts vs. Imitators

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Learn how to spot the difference between and expert and an imitator with 5 key tells.

If you want the highest quality information, you have to speak to the best people. The problem is many people claim to be experts, who really aren’t. Safeguard: Take time to distinguish real experts from imitators. Not everyone who claims to be an expert is. Think of all the money managers who borrow their talking points from Warren Buffett. They might sound like Buffett, but they don’t know how to invest the way Buffett does. They’re imitators. Charlie Munger once commented: “It’s very hard to tell the difference between a good money manager and someone who just has the patter down.” How…

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