Lesson 31 The Anti-Cramer Guide to Investment Success
You can invest effectively and economically. Investing is a lot simpler than many people think. But today’s media is not going to be much help. There are no fewer than three cable TV networks devoted exclusively to covering the market. Listening to them will fill your head with garbage.
Jim Cramer’s TV world, for instance, revolves around active management: market forecasts and individual stock and bond selection. In short, he worships at the temple of the inefficient market. Cramer’s show is amusing and entertaining, but you mustn’t take it seriously. There is no credible evidence anywhere that active management can consistently add value to the investment process. In fact, the overwhelming ...
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