The Death by 1,000 Papercuts site recently published the second entry in my Investing: The New Rules column. It’s called You Don’t Want to Be the Gambler, You Want to Be the House.
Juicy Excerpt: Investing could be so simple. The only thing that complicates it is that The Stock-Selling Industry spends hundreds of millions in marketing expenses trying to persuade you not to take price into consideration. Why would people who make a living from selling stocks want us all to think that we should put our money into stocks regardless of the price at which they are selling? This is a hard one! I might have to think this one over for a few years and get back to you!