Quote:
Originally Posted by David Sklansky
In no other (non physical) field that I can think of, except poker, are the publishers and editors as incompetant as they are in the publications regarding that field. Deep down most of them know it. But they don't want to be publicly reminded of it.
You believe this... because your field of expertise is poker theory... and does not extend to all Zero Sum Games. Almost universally, books on financial markets and trading... are a LOADED with every conceivable statistical fallacy.
The Top 20 poker books on Amazon... will give you enough correct information to become a strong, winning poker player. The Top 20 trading books on Amazon... will be so contradictory or nonsensical... that they will almost inevitably lead a novice into any number of fatal dead ends.
Unlike the Casino Industry, which openly tells you that you are "gambling" for fun... the Securities Industry systematically promotes worthless approaches to trading as "investing". It's an integral part of their Culture to deceive the average investor in countless ways.
Last edited by RedManPlus; 02-10-2010 at 11:11 PM.