I’ve posted Entry #63 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Capitalism 2.0.
Juicy Excerpt: The Stock-Selling Industry is like all other industries. It would like its customers to think that its product is worth buying at any price. So the industry spends hundreds of millions in marketing dollars persuading investors that stocks are always best for the long run and that timing doesn’t work and that there is no way to beat the market. Tell investors the realities and you are shunned. Most of those who work in this field have learned to toe the corporate line.
But there’s an invention that came into existence a few years back that offers us all a means to work around The Stock-Selling Industry. It’s called “the internet.” Perhaps you’ve heard of it.
What if we used the internet to tell middle-class investors what works in stock investing? The Stock-Selling Industry couldn’t stop us. And so investors could become sufficiently educated to pursue their own best interests. No more bull markets! No more crashes! No more recessions!
You may say that I’m a dreamer. But I’m not the only one.
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