CHAPTER 5Stocks, Wealth, and Phantom Wealthimage


YOU ARE BARRAGED BY magazines, books, financial planners, retirement advisers, brokers, TV programs, Internet sites, and newspapers—all trying to tell you how to make money with stocks. Business schools offer courses on subjects ranging from how to start new companies and make a fortune with their stocks to how to manage multibillion-dollar stock portfolios.

As you read this and the next three chapters, however, you will learn that some important aspects of stocks are rarely mentioned. Corporations and their stocks make vital contributions to modern economies but they are mixed blessings, and they ...

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