jazz4cash
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I've got a lot of books from financial types that eventually crashed and burned in several types of financial vehicles. Some praised real estate, others bonds, others options, others oil holdings, others retail conglomerates. Usually I got at least one good idea from each author, although the concepts were dated or unusually effective in certain time windows.
All it takes is a tax change or interest rates or employment number or some other variable to make a great idea a horrible one. I read several others here give a pearl they learned by a person generally scorned now.
Partly I think this is because when we a new searching for financial nuggets of wisdom,
we attribute common investment wisdom we first are exposed to by that author and may not have enough sophistication to see what could burn us in other parts of the book.
I know this is an old thread, like 10 yrs old, but am curious who the new financial person of fame who is falling or fallen may be?
I feel lucky to have some ability to objectively consume information, sort through it and analyze it in a fashion that works for me. I consume all kinds of info on TV and radio and attend free seminars, but rarely ever buy any books or "programs". Many of the people that have helped me greatly certainly have fallen out of favor, but the nuggets I learned from them have served me well. No guru could match the insight gained from this forum.
I nominate Suzy Orman for the flameout award with honorable mention to Jim Cramer (because I find him entertaining which will probably keep him on the air for awhile).