Remarkable how a year ago this sort of investor was lauded whilst now they've been relegated to the (well deserved IMO) sniping from the Letting Off Steam section.
"Fools and their Money" springs to mind.
I have a few mates that are Doctors and Engineers.. hell, a few of them actually have qualifications in finance! We sell snake oil for €22.50 a bottle, a whole €2.50 cheaper than those meetings, you CAN'T lose!!!