[PREV - WIDE_FIELD]    [TOP]

WHY_TELL_YOU

                                              May  6, 2008

                                              BLACK_SWAN

Another problem with "how to get rich"
investment advice books:

If they knew, why would they tell you?

The ability to out-guess the market would
seem to be much more valuable than
any revenue that could be gained from a
non-fiction best-seller...

And if the book *does* become a best-seller,
then the advice would presumably stop
working, as the market became filled with        And anyway, it's
people who had been tipped off by the book.      probably just as easy
                                                 to sell a book filled
                                                 with bad advice as with
                                                 good.  Maybe easier.
   One might consider the possibility
   that all investment advice is
   self-interested, an attempt at
   manipulating the market.

      "Of course, when there's blood in the
      streets, that's just the time to buy"

   That's a great line to take if you're
   trying to smooth out market crashes.


--------
[NEXT - SAN_FRANCISCO_DREAMING]