I’ve read so many articles on the web offering advice on how to survive the recession. I understand the premise behind them. Give away the basic advice and sell the good information. These sites are trying to cash in on your lack of knowledge.
We all have heard of Black Tuesday, 1929, when $30b dollars disappeared overnight.
That is what the newspaper’s story. If you asked for the Stock Broker’s version they would tell you that money never vanishes, it shifts. The 1929 stock market wouldn’t have hit the rich so hard if they understood the truth that money does not disappear.
Jesse Livermore understood this concept. He made over 100 million dollars! Joseph Kennedy, John F. Kennedy’s father, sold before the crash and kept millions in profit. There are entire books written on the Gold Diggers and Wild Cats of 1929.
Like the woman who went around buying useless stocks. She had no experience in stocks, but she couldn’t understand why the stock was worthless when the factory, radio station, or steel mine was still in operation. Urban myth or not, this woman represented the hundreds or even thousands of wildcats who became millionaires over night in the years following 1929.
Why Don’t They Share This Information?
There is a good reason the pundits and gurus don’t want to let you know this information. If you know how to generate wealth, then you don’t need to buy their books and attend conferences. It has always amazed me that anyone would have the audacity to sell these simple techniques for thousands of dollars.
No comments:
Post a Comment