Specifically, you have to be careful to not automatically accepttheadvice simply because it is offered to you for free or because you feel that your employer has vetted and is endorsing the firm providing theadvice.
The prime minister is in favour and has told sceptics within his government to shut up, and although the economic arguments are finely balanced, the Swedish people tend to accepttheadvice of their leaders on such matters.
It was clear by now that the supporters of the Shepherds' planning applications would not acceptthe integrity of theadvice that planning officials were giving to council members.
The reality is that policy makers are not listening to Admati and Hellwig and seem unlikely to accept their advice this side of the next banking crisis.
This trend will accelerate in 2012, as politicians between the Baltic and the Black Sea ask why they should accept outside advice and instructions from countries that signally fail to practise what they preach.
But the new chair has already said that it was his duty to provide the best advice possible - but it was the prerogative of ministers to decide whether or not to accept it.
My advice to investors is to forget the debate, accept that 99.44% of us (the same purity by the way as a bar of ivory soap) are or employ active strategies, and remain agnostic with respect to product designation.