What I don't get about this lie is the pointlessness. I expect bloggers to lie. But I expect them to tell the standard sort of lies about how Obama will give us $5 solar cars by 2010, and John Edwards will never, ever sleep with his staff. This seems like some sort of bizarre compulsive disorder.
So what went wrong? Was it because much of the trouble-causing or trouble-amplifying assets were largely invisible to people who were keeping an eye on these firms?
Yeah, kudos to Al for that one - he was only attacking Megan in the most superficial sense.
Actually, he demonstrated his devotion to her writing by parodying one of her pieces and linking to another one - where she refused to give investment advice except as a joke.
Oh, those magazines. And TV talking heads for that matter...useless. All you need is A Random Walk Down Wall Street and any of the John Bogle books and a couple of good tax books and a CPA if the tax books are too boring.
Secondly, I think everyone hear has picked up a "Money" or "Kiplinger's" magazine at some point in their lives. What would you say is their actual use? For me its like a "Muscle and Fitness" magazine: good ideas and direction, but tailor the specifics to your experience.
This is not only a good reason not to give stock advice, it's also a good example of why you shouldn't trust/expect financial magazines to be able tell you anything worth knowing.
Well, my God, Megan, I clearly remember the Reaganite magazines' responses to Clinton's tax hike. Paul Craig Roberts took time off from cheerleading for the Confederacy to write National Review's cover story, "How to Grow a Recession". Forbes magazine urged investors to move their money out of the about-to-sink US and into the safe harbor of -- you guessed it -- Japan.
McArdle has followed one piece of investment advice her whole life: Invest in rich parents who will support you and then die, leaving you lots of cash.
Why did you title this one, "A fool and his money..."?
Don't foolish women listen to you?
If these people are so damn good at investing, why do they have day jobs?
Or, at the very least, why don't they publish their personal portfolios every month?
Why is Megan McArdle lying about not giving investment advice"?
What I don't get about this lie is the pointlessness. I expect bloggers to lie. But I expect them to tell the standard sort of lies about how Obama will give us $5 solar cars by 2010, and John Edwards will never, ever sleep with his staff. This seems like some sort of bizarre compulsive disorder.
Al,
If you read Megan's advice to buy ammunition, canned goods and anti-aging pills as investment advice, you've got problems.
BrianF,
If you read Palin's statement as a claim that she was just speaking "from her heart", you've got problems.
BrianF,
If you read Al's piece as anything other than coy satire...
So what went wrong? Was it because much of the trouble-causing or trouble-amplifying assets were largely invisible to people who were keeping an eye on these firms?
Yeah, kudos to Al for that one - he was only attacking Megan in the most superficial sense.
Actually, he demonstrated his devotion to her writing by parodying one of her pieces and linking to another one - where she refused to give investment advice except as a joke.
Yeah, kudos to Al for that one - he was only attacking Megan in the most superficial sense.
I rather liked how he misstated what she said as a way of criticizing her for misstating what someone else said.
Quite a bit more effective than the average FMM post.
he demonstrated his devotion to her writing..
Well, I have been a reader since the blog was entitled "Live from the WTC"...
It is the failed policies of the Bush administration that led to this reckless advice-peddling among the national financial media.
The do-nothing Democratic-controlled Congress has been asleep at the switch too.
The next administration needs to make regulation of the media a top priority.
//close satire//
"Don't you understand? Don't you see? Potter isn't selling. Potter is buying!"
Just let me know when Potter starts trading...
Oh, those magazines. And TV talking heads for that matter...useless. All you need is A Random Walk Down Wall Street and any of the John Bogle books and a couple of good tax books and a CPA if the tax books are too boring.
First off Al that was impressively bad.
Secondly, I think everyone hear has picked up a "Money" or "Kiplinger's" magazine at some point in their lives. What would you say is their actual use? For me its like a "Muscle and Fitness" magazine: good ideas and direction, but tailor the specifics to your experience.
Or, at the very least, why don't they publish their personal portfolios every month?
Well, if everybody knows its a hot tip, it isn't a hot tip. (See: shorting whatever Jim Cramer says to buy.)
This is not only a good reason not to give stock advice, it's also a good example of why you shouldn't trust/expect financial magazines to be able tell you anything worth knowing.
Well, my God, Megan, I clearly remember the Reaganite magazines' responses to Clinton's tax hike. Paul Craig Roberts took time off from cheerleading for the Confederacy to write National Review's cover story, "How to Grow a Recession". Forbes magazine urged investors to move their money out of the about-to-sink US and into the safe harbor of -- you guessed it -- Japan.
McArdle has followed one piece of investment advice her whole life: Invest in rich parents who will support you and then die, leaving you lots of cash.