customers-yachts-wall-street-schwed

name	customers-yachts-wall-street-schwed
description	Analyze Wall Street conflicts. Trigger on: "can I trust this advisor?", "is this forecast reliable?", "whose interest does this serve?".
license	Skill distillation for personal/educational use. Do not reproduce source passages verbatim.

Where Are the Customers' Yachts? Conflict Orchestrator

Skill Purpose

Apply Fred Schwed Jr.'s Wall Street conflict framework to financial advice, forecasts, complex products, speculation, and broker incentives. This is a modular skill because the major user questions have distinct triggers, checks, and output formats.

Routing Rules

User intent	Route to
Advisor, broker, planner, fund salesperson, fiduciary conflict	subskills/conflict-diagnostic.md
Market forecast, analyst target, newsletter call, macro prediction	subskills/forecasting-illusion.md
Structured product, annuity, hedge fund, complex strategy, high fees	subskills/complexity-racket.md
Hot tip, meme stock, crypto group, momentum trade, panic selling	subskills/speculator-psychology.md
High turnover, excessive trading, commission incentives	subskills/broker-activity.md

Execution Rules

1. Ask who earns money if the user acts.
2. Separate investment from speculation before giving advice.
3. Prefer simple, low-cost alternatives unless complexity has a clear job.
4. Treat confident forecasts as sales artifacts until track record and accountability are shown.
5. Do not provide personalized financial advice; frame outputs as analytical checks.

Multi-Module Output Format

• Conflict identification: who earns what.
• Schwed test applied: relevant module and checklist.
• Simple alternative: lower-conflict path.
• Verdict: aligned, partially aligned, or misaligned.

Subskill Status

All subskills are required and present in subskills/.

CITATION RULES

Use quotes only when the user asks for source grounding or when a claim needs attribution. Reference quote anchors by topic file and anchor. Keep quoted excerpts short.

• conflicts-incentives-quotes.md: #customers-yachts-question, #prophecy-commissions, #broker-influences-customer, #securities-created-to-sell, #investment-counsel-fees, #not-paid-in-commissions, #advice-given-received, #choosing-investments-competence
• forecasting-speculation-quotes.md: #difficult-answer-dont-know, #prediction-loses-savings, #just-a-croupier, #charts-useful-accuracy, #probability-and-risk, #buy-boom-sell-depression, #panic-buy-stocks, #dying-rich

Critical Reminders

• The first question is always incentive alignment.
• Confidence is not accuracy.
• Complexity often prevents comparison.
• Do not reproduce long source passages.