September 20, 2019

B.S. articles about investing are everywhere. 

They appear, unsolicited, in your mailbox, your inbox, your Facebook feed, your Twitter feed, and even in the mainstream financial media outlets like CNBC, Bloomberg, Barron's, and many others.

How good are you at detecting B.S. when you read an article or blog post about investing? This series of articles is intended to fine-tune your natural B.S. Detector so that you will at least have a fighting chance to avoid the tricks, traps, and snow-jobs that permeate the financial media landscape. 

In this installment I'll unpack the B.S. in an article ...

My attorney warned me that I might get in trouble by offending some prominent people in the business, but I don't care. My intention is to educate, and that means exposing B.S.and speaking the truth, no matter what. 

The ...

You can read the full article here. The headline screams:

Th

How's that for a click bait headline? Pretty good, in my opinion. But the article, and the one it links to, is loaded with flaws. And the entire premise is sketchy at best, and misleading at worst. Allow me to explain.

The crux of the article is that...

But is this really true? I don't think so, and I'll tell you why. 

First,

The Elephant in the Room

What do you think will happen...

Not in my opinion.

recovery from bear markets

Most investors are risk averse, and those who claim otherwise are either fooling themselves or lacking proper information about market history.

Consider that...

Let's take the first example - 

Lessons Learned

Unless you're willing to give up .

Time is the most precious resource we have. We're all given a finite amount of it, and we can't buy more no matter how wealthy we might be. The B.S. in this article is the way the author ignores the value of time.

Preview of coming installments of this series

I've already covered the myth of Buy & Hold as the best strategy for everyone, at all times. And I covered the myth of stock-picking as the surest way to make a killing in the market. 

In upcoming installments I'll debunk the Elliott Wave Theory and other purely technical investment strategies. I'll also tackle so-called "Evidence-Based" investment strategies and expose them for what they really are - a way for investment advisers and fund managers to capture your money and turn it into an annuity with them as the primary beneficiary.

By the way, for those of you whose ox I've gored, don't contact me. Call my attorney, Roy Cohn. You can reach him at 1-800-555-1212.

About the author 

Erik Conley

Former head of equity trading, Northern Trust Bank, Chicago. Teacher, trainer, mentor, market historian, and perpetual student of all things related to the stock market and excellence in investing.

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