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If I wanted to dump hundreds of millions dollars of a stock and I didn't want it to plummet as a result so I could get out for the max money, I'd pay someone like him 25k to tout the stock repeatedly on air.
This is why people should not take their specific investment advice from media personalities.
It's also why people should not take racing picks from on air personalities.
Too often you find yourself playing against the insiders. Which isn't to say that every on air person is taking, but a listener cannot be certain who or which info is real. Better to do your own research.
And general advice is fine, just be careful about very specific info.
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