I’m torn on this advice. I’ve learned a lot from certain money and finance books. Many are recycled garbage. However, most have an idea or two or at least motivation to improve my lot in life.
I have read many more articles with poor financial advice from unqualified writers. Since finance isn’t taught in school, I would say that anyone reading with the goal of improving their life can find value from many of these books.
This is a subjective topic so I don’t think that telling people to stop is the right advice. I’d say to use them more as a stepping stone or foundation for financial knowledge.
I agree that action is the key element. Several books helped me in taking action and building personalized strategies.