Silly guy. Doesn’t he know that the financial industry needs more Gordon Gekkos and fewer analysts with common sense and honesty? Telling the truth will never get you anywhere in this industry so it’s a good thing they fired him.

Han Sang-choon, deputy head of Mirae Asset Investment Education Institute, said investors ignored warnings over the past few months that trouble lay ahead for stocks and held on to funds thinking a big pay day was just around the corner.

“I reckon people haven’t cashed in their funds because of personal greed and expectations (of profits),” he told an investor, according to quotes from the Friday TV show that appeared widely in South Korean media.

Even though Seoul shares ended down 2.73 percent on Friday for their lowest close since late October 2005, brokerage Mirae Asset did not like the investment advice.

“Therefore, we decided to sack our deputy head, Han Sang-choon, who gave individual views out of line with our institute’s original purpose, and caused concern to investors,” Kang Chang-hee, the head of the company’s research institute said in a written statement.