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Barry Ritholtz

Trade Against a Self-Help Genius

Self-help guru Tony Robbins may help people realize their personal potential, but his financial advice won't do anyone much good.
You don't need a weatherman...

You don't need a weatherman...

Photographer: Robin Marchant/Getty Images

Tony Robbins is a self-help genius. He has sold millions of books that many people believe helped them realize their full potential. He understands the human psyche. As a motivational speaker, he knows what a person must do to overcome everyday struggles to “self-actualize,” and awaken the giant within. People love his seminars (although I suggest you skip the walking on hot coals part). His counsel is sought by athletes, rock stars, CEOs, hedge-fund managers, presidents, even Oprah.

Then there is his financial advice.