"There are two sorts of wealth-getting, as I have said; one is a part of household management, the other is retail trade: the former necessary and honorable, while that which consists in exchange is justly censured; for it is unnatural, and a mode by which men gain from one another. The most hated sort, and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural object of it. For money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of modes of getting wealth this is the most unnatural."
- Politics, Aristotle, 350 B.C.
"The Jew alone regards his race as superior to humanity, and looks forward not to its ultimate union with other races, but to its triumph over them all and to its final ascendancy under the leadership of a tribal Messiah."
- Goldwin Smith, The Jewish Question, October 1881
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”
- President Woodrow Wilson 1916
“We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”
- David Rockefeller, Baden-Baden, Germany 1991
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
- Henry Ford
“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson.”
- Franklin D. Roosevelt, letter to Col. House, November 21, l933
“One of the least understood strategies of the world revolution now moving rapidly toward its goal is the use of mind control as a major means of obtaining the consent of the people who will be subjects of the New World Order.”
- The National Educator, K.M. Heaton
"We Jews, we, the destroyers, will remain the destroyers for ever. Nothing that you will do will meet our needs and demands. We will for ever destroy because we need a world of our own, a God-world, which it is not in your nature to build."
- Maurice Samuels, You Gentiles, 1924
“We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.”
- David Rockefeller
“Today, America would be outraged if U.N. troops entered Los Angeles to restore order. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government.”
- Dr. Henry Kissinger, Bilderberger Conference, Evians, France, 1991
"Never argue with stupid people. They will drag you down to their level and then beat you with experience." –Mark Twain
If you want to begin to understand and appreciate the work of Mike Stathis, from his market forecasts and securities analysis to his political and economic analysis, you will first need to learn how to think clearly. For many, this will be a cleansing process that could take quite a long time to complete depending on each individual.
The best way to begin to clear your mind is to first move forward with this series of steps:
1. GET RID OF YOUR TV SET (at least cancel your cable)
2. REFUSE TO USE YOUR PHONE TO TEXT
3. DO NOT USE A "SMART PHONE" (or at least do not use your phone to access the internet)
4. STAY AWAY FROM SOCIAL MEDIA
The cleansing process will take time but you can hasten the process by being proactive in exercising your mind.
You should also be aware of a very common behavior exhibited by humans who have been exposed to the various aspects of modern society. This behavior occurs when an individual overestimates his abilities and knowledge, while underestimating his weaknesses and lack of understanding. This behavior has been coined the "Dunning-Kruger Effect" after to sociologists who described it in a research publication. See here.
Many people today think they are virtual experts on every topic they regard with relevance. The reason for this illusory behavior is because these individuals typically allow themselves to become brainwashed by various media outlets. The more information these individuals obtain on these topics from the media, the more qualified they feel they are in these subjects, without realizing that the media is not a valid source with which to use for understanding something. The media always has bias and can never be relied on to represent the full truth.
A perfect example of the Dunning-Kruger Effect can be seen with many individuals who listen to talk radio shows. These shows are politically biased and consist of individuals who resemble used car salesmen more than intellectuals. These talking heads brainwash their audience with cherry-picked facts, misstatements and lies regarding relevant issues such as healthcare, immigration, Social Security, Medicaid, economics, science, and so forth. They also select guests for interview based on the agendas they wish to fulfill with their advertisers.
Once their audience has been indoctrinated by these propagandists, they feel qualified to discuss these topics on the same level as a real authority, without realizing that they obtained their understanding from individuals who are employed as professional liars and manipulators by the media. Another good example of the Dunning-Kruger Effect can be seen upon examination of political pundits, stock market and economic analysts on TV. They talk a good game because they are professional speakers. But once you examine their track record, it is clear that these individuals are largely wrong, but they have developed an inflated sense of expertise and knowledge on topics for which they continuously demonstrate their incompetence.
We highly recommend that you study this masterpiece in great detail so that you are better able to use logic and reason.Although we recommend you read and study The Allegory of the Cave, you can get a flavor for its meaning by watching the following video.
If you can learn how to think like a philosopher, specifically one of the great ancient Greek philosophers, it is highly unlikely that you will ever be fooled by con artists like those who make ridiculous and unfounded claims in order to pump gold and silver, the typical get-rich-quick or multi-level marketing (MLM) crowd.
“Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves.”
King James Bible - Matthew 7:15
"It's easier to fool people than to convince them that they have been fooled." –Mark Twain
All Viewpoints Are Not Created Equal Just because something is published in print, online or aired in the broadcast media does not make it accurate. In fact, more often than not the larger the audience, the more likely the content is either inaccurate or slanted. The next time you read something about economics or investments, you should ask two main questions in order to assess the credibility of the source. Is the source biased in any way? That is, do they have any agendas which would provide any type of benefit accounting for their views? Most individuals either sell ads on their site or are dealers of precious metals or securities. That means their views are biased and cannot be relied upon.
Is your source is credible?
Most people associate credibility with name-recognition. But more often than not, name-recognition serves as a predictor of bias if not lack of credibility because the more a name is recognized, the more the individual has been plastered in the media. And every intelligent person knows that individuals who have been provided with media exposure because they are either naive or clueless. The media positions these types of individuals as “credible experts” in order to please its financial sponsors; Wall Street.
Instead of name-recognition or media celebrity status, you must determine whether your source has relevant experience on Wall Street as opposed to being self-taught. But this is just a basic hurdle that in itself by no means ensures the source is competent or credible. More important, always examine the track record of your source in depth, looking for accuracy and specific forecasts rather than open-ended statements. You must also look for timing since a broken clock is always right once a day. Finally, make sure they do not cherry-pick their best calls. Always examine their entire track record.
“Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves.”
King James Bible - Matthew 7:15
The above questions require only slight modification for use in determining the credibility of sources that discuss other topics, such as politics, healthcare, etc.We have compiled the most extensive publication exposing hundreds of con men pertaining to the financial publishing and securities industry, although we also cover numerous con men in the media and other front groups since they are all associated in some way with each other.
There is perhaps no one else in the world capable of shedding the full light on these con men other than Mike Stathis. Mike has been studying the indistry for well over a decade. Alhough he has published numerous articles and videos addressing this dark side of the industry, the entire collection can be found in our ENCYCLOPEDIA of Bozos, Hacks, Snake Oil Salesmen and Faux Heroes.
At AVA Investment Analytics, we don't try to pump gold, silver or equities like many others you see because we are not promoters or marketers. And we do not receive any compensation whatsoever (including from ads) from our content. We provide individual investors, financial advisers, analysts and fund managers with world-class research, education and unique insight.
If you listen to the media, most likely it is costing you hundreds of thousands of dollars in lost money at minimum over the course of your lifetime. The deceit, lies and useless guidance from the financial media certainly is a large contributor of these losses to the sheep you pay attention.
But a good deal of lost wealth comes in the form of excessive consumerism which the media seeks to impose on its audience. You aren’t going to know that you’re being brainwashed or that you have lost $1 million or $2 million over your life time due to the media, but I can guarantee you that with rare exception this is the reality for those who are naïve enough to waste time on the media.
It gets worse. By listening to the media, you are likely to also suffer ill health effects through the lack of timely coverage of toxic prescription drugs or through the ridiculous medical shows, all of which are supportive of the medical-industrial complex.
And if you seek out the so-called "alternative media" you might make the mistake of relying on con men like Kevin Trudeau or Alex Jones. This could be a deadly decision. As bad as traditional media is, the so-called "alternative media" is even worse.
Why Does the Media Air Liars and Con Men?
The goal of the media is NOT to serve its audience because the audience does NOT pay the bills.
The goal of the media is to please its sponsors, or the companies that spend huge dollars buying ads, and in order for companies to justify these expenses, they need the media to represent their cause. The media does this by airing idiots and con men who mislead and confuse their audience.
By engaging in "journalistic fraud," the media steers its audience into the arms of its advertisers because the audience is now misled and confused, so in the case of the financial media, it seeks the assistance of Wall Street brokerage firms, mutual funds, insurance companies, precious metals dealers. This is why advertisers pay big money to be promoted in the financial media.
We see the same thing on a more obvious note in the so-called "alternative media," which is really a remanufactured version of the so-called "mainstream media." Do not be fooled. There is no such thing as the "alternative media."
In order to be considered "media" you must have content that has widespread channels of distribution. Thus, all "media" is widely distributed and the same powers that control the distribution of the so-called "mainstream media" also control the distribution of the so-called "alternative media."
The claim that there is an "alternative media" is merely a sales pitch designed to capture the audience that has since given up on the "mainstream media." The tactic is a very common one used by con men.
The same tactic is used by Washington to convince naive voters that there are meaningful differences between the nation's two political parties. In reality, both parties are essentially the same when it comes to issues that matter most (trade policy, healthcare and war). Anyone who tells you anything different simply isn't thinking straight.
On this site, we expose the lies and the liars in the media. We discuss and reveal the motives and track record of the media’s hand-selected charlatans with a focus on the financial media.
No one has generated a more accurate track record in the investment markets over the past several years than Mike Stathis. Yet, the financial media wants nothing to do with Stathis.
You aren't even going to hear him on the radio being interviewed.
You aren't going to see him mentioned on any websites either.
You won't read or hear of his remarkable track record unless you read about it on this website or read his books.
You should be wondering why this might be. Some of you already know the answer.
The media has banned Mike Stathis because the trick is to air clowns so that the audience will be steered into the hands of the media's financial sponsors - Wall Street and gold dealers.
And as for the radio shows and websites that either don't know about Stathis or don't care to hear what he has to say, the fact is that they are so stupid that they assume those who are plastered in the media are credible. And since they haven't seen or heard Stathis in the media, even if they come across him, they automatically assume he's a nobody in the investment world simply because he has no media exposure.
Well, if media exposure was a testament to knowledge, credibility and excellent track records, Peter Schiff's clients would be a lot happier when they looked at their account balance.
Others only care about pitching what’s deemed as the “hot” topic because this sells ads in terms of more site visits or reads. This is why you come across so many websites based on doom and conspiratorial horse shit run by con artists looking to cash in on ads.
We have donated countless hours and huge sums of money towards the pursuit of exposing the con men, lies and fraud. We continue this mission but we cannot continue it forever without your assistance.
We have been banned by virtually every media platform in the U.S and every website (mainly because we expose the truth about gold and silver).
We have been banned from use of email marketing providers.
The fact is that the Jewish Mafia has declared war on us because we have exposed the realities of the U.S. government, Wall Street and corporate America.
Note that we only began discussing the role of Jews in criminality by 2009, three years AFTER we had been black-listed by the media, so no one can say that our criticism of the Jewish Mafia has led to being black-listed, not that it would even be acceptable.
You can talk about the Italian Mafia, and Jewish Hollywood can make 100s of movies about it...
BUT YOU CANNOT TALK ABOUT THE JEWISH MAFIA.
We rely on you to help spread the word about us. Just remember this. We don’t have to do what we are doing.
We could do as everyone else and focus on making money. We are doing sacrificing everything because in this day and age, unfortunately, the truth is revolutionary. It is also critical in order to prevent the complete enslavement of world citizenry.
On Exposure: No one who has significant exposure can be trusted because those who are responsible for permitting such exposure have allowed it for a very good reason, and that reason does not serve your best interests.
On Spotting Frauds: Whenever you wish to know whether someone can be trusted, always remember this golden rule..."a man is judged by the company he keeps."
This is a very important rule to remember because con men almost always belong to the same network.
You will see the same con artists referencing each other, on blog rolls and so forth.
Don’t bet on it. But a good investment book can certainly help you advance your investing skills.
Those who read investment books (hopefully by now) realize that most are littered with filler material, written (and often edited by ghost writers) in a way that makes you think the book is good.
As a result, when readers finish these books, they frequently have nothing but praise for them. In most cases, readers have been fooled by skillful psychological tactics.
Rarely do people bother to stop and ask whether they truly learned anything that can be applied to their investment approach.
Most often, one must seek out investment textbooks in order to learn things that can be helpful in the real world. But still, more times than not, this material works only in a vacuum.
Without a doubt, investors can learn some valuable information from academic-like investment books or books discussing theories. However, these books are most often low-yield. And if you are able to identify practical information from these books, you must understand the limitations.
In contrast, I have found the vast majority of investment-related books written by pundits, reporters and even professional investors to be largely useless. This is especially true for these books (with rare exception) that receive widespread praise.
Understand that people often follow what others in the past have said about a book, without bothering to truly assess whether these books have truly helped them become more knowledgeable investors.
So you can forget about crystal balls; that is books that are predictive of investment events. While you might run into some that make generalized predictions that pan out, unless you are provided with specifics, it's unlikely to help you unless you have a good deal of insight prior to reading the book, which would negate any reason to read such a book to begin with.
Heck, you're lucky if you can find an investment book these days that's worth reading. I personally haven't read any investment books (other than to confirm how useless they are) in many years.
I could go down the list of books praised by the masses and even investment pros as "great investment books"...Black Swan, Subprime Solution, etc., etc...all useless as far as I'm concerned. Some are more useless than others.
The problem is that until you know what's going on, you are likely to be fooled into thinking these books are valuable. I know this because I feel into the same trap back when I didn't know so much. So it's easy for me to say now, but it certainly wasn't easy for me to gain the knowledge I now have to realize this.
Novice investors who think many of the investment books they have ready are valuable make the same mistake for the same reason when they believe the media's claims that their hacks "predicted the collapse" without bothering to adequately research whether the claims are true.
The bottom line is that most investors lack the ability to make these determinations because they lack sufficient expertise. Other times, they simply take what the media says at face value.
The bottom line is that most people are lazy.
As far as I'm concerned, if an investment book doesn't actually attempt to help you become a better investor, it shouldn't be published. But of course, demand determines supply. The masses have allowed so many investment books to be published because they continue to buy them.
These are the same people who get blown out in the stock market over and over. They continue to watch CNBC and read the Wall Street Journal and other useless biased content from the financial media.
You must steer yourself away from the path of self-destruction. If you waste your time with the financial media, you will become your own worst enemy. This is a guarantee.
So when you are trying to determine whether or not to waste your time on an investment book, you should ask yourself how the book can help you make money.
A good investment book should teach you real skills you can apply to your investments. Anything short of that is a waste of time in my view. Save the investment novels and drama for fiction reading. These books have no business being listed as non-fiction, regardless whether they are true or not.
With that said, you should keep in mind that one can only extract so much useful content from a single book.
Most people continue to waste time with the media even though subconsciously they realize it is a dangerous move because they actually think they have the ability to sort through the trash and find real value.
Let me save you an enormous amount of time and money; you don't have this ability.
How do I know?
If you did, you wouldn't waste your time with such a low-yield and dangerous approach. If you fall into this category you can help yourself by changing how you spend your time.
Others are simply too lazy and want easy money. If you fall into this category you cannot be helped.
Ultimately, the highest-yield activities leading to an improvement in your investment skills is attained by practical experience. That means you need to work hard over time and learn from your mistakes.
Obviously if you can find a guide to help you through this long and difficult process, you will be much better off. Unfortunately, the list or truly qualified guides out there are extremely small.
I don't fill books with drama or trivia when I write. I don’t take you into the trading pit and dramatize how I scored a big trade. Stuff like this is completely useless, just like these books written to dramatize the collapse AFTER it happened.
I try to provide unique insight that can be applied to the real world. Otherwise, I won’t waste my time writing a book, because it's an extremely long and difficult process is to write a book by yourself, especially the length of the books I’ve written, and ESPECIALLY when I know that the book isn’t likely to reach many people due to the lack of distribution (the price of honesty is enormous and adversely affects everything I do).
Of course, most books are not written completely by the author. By the time the publisher gets a hold of it, they've assigned one or more editors to polish the manuscript. Other times, books are ghost-written.
Despite the fact that I provided several analyses in The Wall Street Investment Bible, I have not received any similar emails. Perhaps the reason for this is due to the fact that only a few people have read it.
I can tell you that the book contains several examples that, if followed, would have led to excellent gains.
In fact, less than a year ago, I actually highlighted one of the case studies from the book on this website.
You might recall my discussion of Blockbuster Video. I actually began this analysis several years ago when I was writing an informal newsletter.
Please have a look at the article.
After explaining my rationale for entering and exiting the trade, I conclude that the Blockbuster/Netflix pair is a great example of a lucrative short-long strategy.
As you can see from the article (or excerpt from the book) it performed quite well.
But was it too late to seize on this opportunity?
Let's have a look at the charts since the article was published on September 2009.
As you can see, Blockbuster has continued to decline as Netflix has soared. The final chart shows the performance of Netflix relative to Blockbuster since 2002, which marked Netflix's public offering.
As I predicted first a few years ago and reiterated in The Wall Street Investment Bible, short of a miracle, Blockbuster has no chance.
So how did I know this?
While I did discuss some of the fundamental issues in this case study, you may have noticed that I typically I make use of charts to illustrate several things about stocks and the market, both on the website and the newsletter.
The reason why I often skip the fundamentals is because this part of the analysis are easier to see and understand (for me anyway) than it is to explain to others. It would take far too long to explain everything. In contrast, it's easier and quicker to show you what's going on from the charts.
Moreover, I always incorporate fundamentals into my charting analysis to a variable degree (although you may not be aware of that).
That is why the book is very important. I discuss things that I just don’t have time to cover either in the newsletter or on the site.
Subscribers might be wondering why I didn't profile Netflix in the newsletter, since it has performed quite well over the last year. The reason is because, while I was confident it would continue to gain market share at the expense of Blockbuster, I do not know where this company will be in a few years. Much will depend on how well management continues to adjust to the rapidly changing media landscape. While they have done an excellent job thus far, much of their success has come due to the pathetic management of Blockbuster.
So instead of profiling companies that are the latest and greatest, I try to focus on good solid investments that are undervalued in the newsletter because of the uncertainty in the stock market and economy. On occasion, I will make exception if I see incredible value or there is a really good cash dividend involved.
Two caveats. First, the short-interest for Netflix is quite high. Given the recent run-up, I would say the shorts are positioned well. However, most shorts are short-term strategies. Right now there is nothing standing in Netflix's way.
Second, the CEO of Netflix was recently named to the Board of Directors for Microsoft. This is HUGE.
Why? First, it illustrates how clueless MSFT has been in digital media. Netflix management wasn't particularly impressive in my opinion. They look great when stacked against the idiots at Blockbuster.
But also, having Netflix a part of MSFT board means there is likely to be some partnership activities between the two companies, or MAYBE a buyout down the road. I'm not making predictions. I'm merely stating viable possibilities.
Would I be a buyer of Netflix here?
No way. It's considerably overvalued, and combined with the market risk, I would stay clear of stocks like this. In this market the vast majority of investors should be focusing on solid companies with long histories of operations and success, and especially companies that pay cash dividends.
Even if the stock comes down a good deal, as a long-term investment, in my opinion it's still quite risky due to the rapid pace of digital media progression. A big media company could theoretically crush Netflix at this point (although the media is struggling to survive).
This opinion is based on my own level of risk tolerance. Others might have a different appetite for risk.
One thing I will say is that Netflix is likely to continue to do well for at least a couple of years without any major challenges, as Blockbuster vaporizes. But that doesn't mean shares will rise. Shares are very ahead of themselves as it is.
The point is that you should be looking at everything I write because I don't write about something for no reason; that includes when I discuss loser stocks.
You should always find some learning points from everything I write (that is my intent anyway). Of course, I’m not perfect and it’s likely that sometimes I don’t communicate things clearly enough for you to see the point I’m trying to make, but if you look it’s there.
I’m not a writer. I don’t have the time or the talent to turn trivia into a cutting edge thriller, nor would I ever care to waste my time doing so.
I write specifically to advance the knowledge and insight of readers. This is something very few books attempt, although many people are fooled by books they think have provided value.
I will tell you this. The best non-fiction books on business and investing I have ever read have been those that are not well-known. This makes sense when you think about it because if a book is well-known that means it appeals to the masses. And if you’re reading non-fiction books the masses think are good, chances are that there won’t be much meat in it. This is just my own opinion based on my experience. Of course there are always exceptions, but I haven’t many I can think of.
I already know some of you realize what I’m talking about and have ordered every book I’ve written. You have studied these books, taken notes, and re-reviewed them. You are on the right path to becoming a great investor.
I’m not saying I hold the absolute key to your future success. Ultimately, it is you who holds this key.
All I’m saying is this. If you find someone who helps you see things you never saw before and you are able to learn valuable lessons from them and make money from following them, you need to cling to them like your life depends on it, because you aren’t likely to find another who will fill their shoes anytime soon.
Now I don’t know whether I fit that description, as it’s a very tall order to fill. Everyone is different, so everyone works differently.
I’m telling you this because I was in the same boat as you several years ago. Unfortunately, I didn’t have anyone to learn from. I searched like you can’t believe and came up empty-handed, wasting tons of money and endless time on scams and epiphanies.
I finally realized something I already knew applied to everything else; if you want something done right, you have to do it yourself.
I certainly don’t want anyone to become 100% dependent on me. I’m here as your guide, to show you where not to waste your time, and to show you some shortcuts.
I’m not telling you this as a way to try and get you to buy my books, as some of you (who are likely to not be that familiar with me) might assume.
What I’m telling you has nothing to do with selling books. Just look at the number of readers I have and you can see I have no motive to tell you this other than to make sure you read and study my books for yourself, not for me.
I barely make enough to cover my expenses for publishing my books, so selling a hundred or so more isn’t going to make much of a difference. The reason for this of course is due to the mass ban that has been placed on me by the media and the entire Internet. The reason for this ban is because these portals are filled with nothing short of crooks and profiteers looking to extract as much money from you as they can without giving you valuable insights.
If my goal was to sell tons of books, I’d be like everyone else and hold off on the truth; I wouldn’t expose how mutual funds are a rip-off; I wouldn’t expose the media as a criminal industry; I wouldn’t criticize the SEC, and so on.
Instead, I’d write books like “Become a Millionaire Trading Stocks,” or “How to Become a Mutual Fund Millionaire.”
If I wrote this trash; if I sold people lies and false hopes like so many others, publishers would love me because I would reach the masses and sell huge numbers of books. And the media would promote me because I would be pleasing their sponsors (the financial industry).
The problem is that such books would be useless. And they would not be telling you the full story.
I'm not a sell-out. I can't be bought off, unlike virtually everyone you see positioned as experts.
So, at the risk of sounding like an ego-maniac (and hopefully, those who have been following me know that I have to self-promote because no one will promote me since the media has banned me) I feel that if you spend the time to read and study all of my books, you will raise your investment and business IQ a few notches; maybe more.
But still, that isn’t enough. You should take full advantage of every article I post on the site, regardless of the topic because I write them all for the same reason; to get you to think about things you may not be know about or things that you know, but aren’t consciously thinking about.
And do NOT overlook my articles on the media. I usually spend much more time on these articles than any investment piece, and I do it for a damn good reason. Over time, you will understand when you look back. Your mind set will be completely different.
I know this because I used to be completely naïve. Remember, I started from ground zero. In fact, when I began in the business, I started below ground zero.
I didn’t even know the difference between a stock and a bond. I was a science guy. But I was also an art guy and I think this has helped me the most.
You can even find several excellent investments or investment/trading strategies I previously discussed on this site if you sift through the archives.
Now by no means will everything I discuss do well. There will be times when I’m flat out wrong. Everything changes. That is why I emphasize the need to measure and manage risk.
It doesn’t matter if I give you a great investment. What matters most is what you do with it; when you buy and when you sell, how much you buy when and how much you sell when, how you hedge risk and so on. These are skills that are learned through years of experience. I can help you learn them much faster and hopefully with fewer losses. But you will have losses; probably big losses. This is a reality of investing.
If you cannot accept suffering losses you should not invest. The key is to learn from your mistakes.
If you are unable to learn from your mistakes you should not invest.
The best one can expect is to find someone who has a good batting average, while understanding that everyone is human.
If you look to follow someone who has made one or two great calls, you might end up losing everything.
In order to be a great investor, you must have a good level of consistent success. So you should seek that from anyone you use for guidance, with the understanding that you will always have to customize your investment approach based on your own skill level, risk tolerance, and investment objectives.
And if you already haven’t read America’s Healthcare Solution, I would advise you to do so ASAP. You shouldn’t assume it’s some rant on the healthcare system. It has many sections and even a couple of chapters that will help you develop your mind when thinking about investments.
After reading the book, I am confident you will better understand healthcare investments, specifically the latest healthcare sector that promises to become huge, healthcare IT and telemedicine.
You will also see how high-tech giants are positioning themselves to seize a piece of America’s $2.3 trillion (and growing) healthcare industry.
Am I the only person who writes books geared to help investors?
Of course not.
But there aren't many out there who do because most people lack the skills required to deliver value so they focus on writing books that deliver the perception of value.
Most of these books are marketing gimmicks designed to appeal to as many people as possible. That means you won't see any real value. Publishers are largely to blame for this. That is why the best investment books will be the ones you don't hear about. The only exceptions to this are books that have gained exposure after decades of being published.
Investing is not a game. It is a very serious activity. And it's a very difficult process. Unfortunately, the media has made it appear as a game that can be won by anyone. So if you read an investment book that is easy to understand and apply, most likely it will be useless.
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