As I discuss in the July 2022 post “Fixing the Expertise Misallocation Problem“, having a large social media following and a lot of media coverage or clout is a poor predictor of “useful, actionable advice” or accuracy. It’s as if those who have the most followers, visibility, or status who are the least effective at their jobs, or give the worst advice, or recommend the worst investments. There is a problem in which society systematically promotes people who are the least competen...
