”Economists must never pro-offer advice to politicians as if they were offering advice to a benevolent social planner, and they also must never assume the role of benevolent social planner themselves. The wisdom of classical political economy was to resist such delusions of grandeur.“- Peter Boetke, Living Economics: Yesterday, Today, and Tomorrow
I like quotes like this. They articulate the limitations economists and advisors have when consulting others.
While the quote is not aimed at financial advisors, it can be thought as a warning for those, too. When working with the public or your clients, it is important to remember that your expertise is not predicting the future.