The folks at Dimensional Fund advisors long ago coined the word "financial pornography" for this sort of stuff. CNBC "fast money" guru and apparently ex money manager touting his new book and surefire strategy to beat the market and telling us why index funds are a fool's investment
you can catch it here.
Among his criticisms of index funds: "if you invest in an index fund you just get the return of the index"...brilliant.
from the blurb for the book
Kaminsky brings more than two decades of experience to his low-risk, high-return system, demystifying Wall Street for novice and seasoned investors alike. Between 1999 and 2008, Kaminsky’s team at Neuberger Berman grew record-breaking returns far above the S&P benchmark. And they didn’t do it by magic. They did it by constructing a specificstrategy and sticking to it, regardless of the investing climate. It is a strategy that anyone can learn and apply, step-by-step, in any market.
With Kaminsky’s expert guidance, you’ll learn how to be more disciplined and vigilant with your investments, maximizing your returns in a minimum amount of time. You’ll not only make money in most markets, but you’ll lose much less money when those around you are losing their shirts. And you’ll be able to strengthen and protect your assets—particularly in the slow-growth decade ahead—with the confidence and know-how that drives Wall Street’s smartest investors to the top of their game.
Yes, you can beat the market—when you’re Smarter Than the Street.
Biographical noteGary Kaminsky is the cohost of CNBC’s "The
Strategy Session" and has been one of Wall Street’s
savviest money managers for the last two decades.
He worked at Neuberger Berman, LLC, where Team
Kaminsky’s assets grew from $2 billion to $13
billion during Wall Street’s lost decade.
my ? why is this wasting his time guy wrtiting books and gabbing on tv everyday ?
And why is he willing to give away the secrets to make money in any market for only $26 ($17.16 at amazon, even less on your kindle). Seems to me that would be the mother of all bad trades.
Seems to me he should be either:
1. managing one of the worlds largest hedge funds collecting massive fees
2. sitting on a yacht in the south of france living the good life
3. competing with the Gates foundation to give away as much money as possible to worthy causes
something's wrong with this picture