This is a pet peeve of mine.

Consider this: The securities industry supports and finances this “education” effort. Altruism? I think not!

In whose best interest is it for your kids to grow up believing “investing” is betting on the stock market – that it’s a great and exciting game and you can make a killing playing it? Certainly this is not something your kids ought to be taught! Read more…

s Stock Market Shams children, education, financial literacy, kids, schools, stock market, stock market game, very little risk

Bernard Madoff has taken the American reputation for excess to a dizzying new height. Where the previous world’s record for financial skullduggery was claimed by a Frenchman who made world headlines for his 5 billion euro disaster, our overachieving hustler moved the decimal over one point to $50 billion and counting.

How could Madoff have escaped notice for so long and managed to fool so many astute clients and financial mavens over nearly a lifetime? It was simply because he wasn’t greedy. Read more…

s Stock Market Shams Add new tag, Madoff, Ponzi, scam, stock market, too good

There’s the stock market of Vegas-style thrills and spills that is the playground of the market timers, the traders, the short-term speculators, and the technical analysts. It’s driven by the same “something-for-nothing” allure that pulls people to the crap and roulette tables. It’s about as easy to beat as the house is in Vegas.

Then there’s the “other” stock market. The quiet, steady, rewarding one. Those who don’t understand this make it easy for those of us who do to pick up the bargains.

Anyone else ready to play the “other” market and reap the rewards of a long-term fundamental research approach to investing?

s Food for Thought