Rumor has it that Joseph Kennedy dropped out of the stock market just before that fateful crash in 1929 on the advice of his shoeshine boy. Kennedy figured if even his shoeshine boy was in the stock market, there wasn't anyone remaining to prop it up further. It also fits into the "greater fool" theory of economic bubbles.
In any case, I can't claim to provide the kind of advice Kennedy's shoeshineboy did, but I hope to provide some practical wisdom to counteract the nonsense pushed by politicians and the media elite.
Wednesday, October 15, 2008
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