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Sunday, October 25th, 2009 - 2:14 am EDT

Suze Orman, Financial Guru

Name: Susan "Suze" Orman

Occupation: Author, fundraiser, financial advisor, and host of CNBC's The Suze Orman Show.

Career Highlights: Went from living in a van for three months to waitressing at Berkeley, CA's Buttercup Bakery to training as an account executive at Merrill Lynch, who she later sued when her stockbroker turned out to be a crook. Worked at Merrill Lynch until 1983, then moved over to Prudential, then started her own financial planning firm that she only resigned from because her financial advice books were selling so well. Currently the most successful fundraiser in the history of public television, and reaching that plateau on QVC as well. Evidently, living in a van really prepared her for soliciting money from total strangers.

Dominant Pattern(s): Driver and Collaborator - Suze's initiative shows itself in her rise from absolute poverty to where she is now, and is even more evident in her borderline-terrifying personal intensity. She's also proven to be very good at working with people, to judge from her track record of successful business partnerships, including her current ones with Oprah Winfrey and CostCo. Business opportunities like those don't open up for just anyone, after all. Her casual speaking/writing style and phenomenal book sales suggest not only the ability to delegate, but the ability to reach and energize people, or at least the ability to scare people into feeling reached and energized.

Recommendation(s) for Improvement:
Switching to decaf, for starters. Also, Suze needs a Visionary tune-up. The criticism that her advice is very general and wades into pop-psychology is well taken, and dumbing things down for the assumed benefit of a mainstream audience is bad news for a topic as achingly complex as personal finance. She should keep up with changing economic landscapes by embracing more creative approaches to help people invest their money. Visionary exercises would help her writing, too - she's not hurting for book sales now, but she will be if future books start repeating themselves. She should try the Floating/Kite movement exercises and read Vonnegut's Breakfast of Champions to flare up a different set of neurons.

Discussion


From: Bob Caron
Posted: Wednesday, January 13th, 2010 - 11:40 am EST

Dave - this is hilarious! I was a financial consultant for Smith Barney for a couple years - a couple tough years (August 2000 - September 2002). Still recovering from the PTSD.

Suze is someone who truly gets under my skin. I realize she's done a lot of good with her super-basic vision of personal finance and energizing people is clearly her strong point. I personally can't click off the station fast enough when I see her - and more importantly hear her - and quite frankly I think she could do more good for America by getting on the weight-loss band wagon and taking Richard Simmons' place. Now there's some big shoes to fill!

Asset allocation is a scam. Been there - done that - it's like a nutritionist staying "eat your vegetables". If you're going to invest in something - take a position in a company you believe in - open a business - buy some real estate! And please - someone give her some decaf!! Thanks for posting a raw and real commentary. I love it!