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Advisors, beware—as if your job weren't complicated enough in the midst of a crashingeconomy and a pandemic, you'll have to keep an eye on yourclients lest they panic and do something stupid in what may seemlike the end of the economy.
It's not as if people don't normally make mistakes anyway, buttrying to function under the sort of stress many people are feelingcan cause all sorts of bad decisions—meaning that it might be agood time to brush up on your behavioral economics training to keepclients from financially self-destructing.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
