While entertaining, both Jim Cramer and the writer/publishers of the Motley Fool have made far more money for themselves in books, TV shows and publishing than from money management or investing.

Neither have a strong track record of managing funds and Jim Cramer actually edits his site and his recommended buys and sells to eliminate any accountability to his predictions. Compare that to Jim Jubak of MSN who provides all sorts of tracking and clear buy and sell recommendations – regardless of how profitable they turn out to be 6 months later.

What bothered me recently is coverage of LPHI’s results – one of the only publicly traded Life Settlement companies. They represent buyers of policies and receive a commission of policy face value for their efforts. Motley Fool writer Rick Munarriz says he has a moral problem investing in companies who deal in the life settlement industry as these companies are betting on death.

Shame shame. Life Settlement companies are providing liquidity and incredible value to many senior policy holders. Mr. Munarriz doesn’t seem to understand the company, the industry or the role the industry plays in supporting consumer rights.

The old adage fits: Be wary of men of zeal, well-meaning but without understanding.