Dick Morris: Investment Adviser

Dick Morris, whose track record of being wrong about nearly everything finally managed to cost him his job at Fox News (where accuracy is hardly a virtue), is apparently trying to reinvent himself as an investment adviser. He’s going around giving seminars on how to make one’s retirement crash-proof.

Conservative pundit Dick Morris, who wrote 2005’s Condi vs. Hillary: The Next Great Presidential Race and predicted Mitt Romney would win the 2012 election in a “landslide,” now wants you to trust him with your retirement savings.

According to a July 30 press release, Morris is working with Retirement Media Inc. “to educate seasoned investors on how to protect their savings with safe alternatives outside of the stock market.” Morris is headlining several events in the next few months where attendees will “hear market predictions from him.” The event’s website includes a video featuring “A Special Message from Dick Morris” in which Morris warns of people preying on “suckers.”

Why anyone would voluntarily listen to “predictions” from Morris is unclear. Morris has a history of comically wrong political forecasting, incorrectly gave credence to warnings of a 2013 stock market crash, and has sent numerous pitches through his email newsletter promoting penny stocks which subsequently tanked and are now virtually worthless.

The former Fox News pundit — whose tenure was marked by a pattern of ethical misdeeds — became a national laughingstock after the 2012 election for his enthusiastic prediction that Mitt Romney would win in a “landslide.” Other failed Morris predictions included his statements that “it’s very possible” Obama would drop out of the race, that Donald Trump was “going to run” for president and “he could beat Obama,” that Herman Cain would “overcome” sexual misconduct allegations, and Republicans would “win 10 seats in the Senate” in 2012.

If you’re dumb enough to listen to this man’s advice, you deserve to lose your money.

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What Are Your Thoughts?leave a comment
  • doublereed

    The way I see it, he’s been wrong so many times before, so he’s due to be right this time!

  • sh3baproject

    maybe he will be good at it. i mean, he can teach you how to con people by pretending to be an investment adviser. oh wait, hes already doing that -.-

  • peaches

    You could just listen to his recommendations then short sell everything he said to buy. You’d probably make a decent return.

  • Kevin Kehres

    What are the ethics of this? Is he qualified in any way to give investment advice? Aren’t those folks licensed? Or at least certified?

    Who in the world would pay him to shill like this? I suppose one has to follow the money to find out — but it wouldn’t surprise me in the least to find some Koch money (or hangers-on) involved.

    Luckily for the schemers and scammers, Barnum was off at least by a factor of 10. Else I wouldn’t be getting 10 e-mails a day asking for my help in getting MILLIONS of dollars out of a metal box somewhere in Nigeria.

  • John Pieret

    “A Special Message from Dick Morris” in which Morris warns of people preying on “suckers.”

    Bryan Fischer to the white courtesy phone … Mr. Fischer …

    Why anyone would voluntarily listen to “predictions” from Morris is unclear.

    It’s the blind pigs and acorns principle. It is statistically improbable that he can be wrong every time … following his advice is probably no worse than betting on roulette.

  • Doug Little

    doublereed @1

    The way I see it, he’s been wrong so many times before, so he’s due to be right this time!

    Sounds like the classic excuse someone uses when they have just lost their ass gambling.

  • Doug Little

    Kevin @4,

    If you are getting that many of those types of emails you should probably join these guys.

    http://www.419eater.com/

    and actively fight the scammers in hilarious and often dangerous and demeaning ways.

  • Phillip IV

    He’s going around giving seminars on how to make one’s retirement crash-proof.

    And his method probably really works! Follow his advice, and you’ll likely be broke and homeless before the next crash even happens, and thus hardly affected by it.

  • http://www.pandasthumb.org Area Man

    What are the ethics of this? Is he qualified in any way to give investment advice? Aren’t those folks licensed? Or at least certified?

    Who in the world would pay him to shill like this?

    It looks suspiciously like a pump-and-dump scam. Morris and his fellow thieves push penny stocks on unsuspecting rubes then cash out when the price goes up, leaving the rubes holding worthless stock.

    No, it’s not ethical. It may not even be legal.

  • busterggi

    Dick Morris is on the new cable network for people who think Faux is too liberal.