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This is the very reason why I refuse to subscribe to any magazine, newspaper, or
watch with any regularity the news on TV. If I do watch or read something, I take
it with a grain of salt. When you think about it, our lives are controlled by the
media we read and watch more than we want to believe. It's my opinion we've
become a society where we allow others to do our thinking for us.
William
David Cicia wrote:
> Last month Futures mag surprised alot of people by printing an honest
> negative review of the the latest crap self-promotion book from Bill
> Williams. From personal experience and alot of wasted time in the past I
> can assure you that the review was correct. Some people here said,
> cynically it seemed, that this was able to happen because BW did not give
> them ad dollars.
>
> Well guess what. This month BW has an ad in their mag, and low and behold -
> they print 2 long letters to the editor (I strongly suspect, because of
> their style and lavish wording, written by BW himself!!) glowingly praising
> his trading prowess, his courses, etc etc. I have never seen so much space
> devoted to free testimonials before. I could puke because it is all lies -
> and BIG ones at that!
>
> Goes to show you the cynics were right!! In this industry the pretenders
> can buy their way to respectability. (Not to mention the good-old-boys
> network of vendors who scratch one another's backs, often for kickbacks,
> etc. etc.)
>
> Whether it is TradeStation, or data providers or vendors of systems, or a
> market guru, it is important to stamp a very very large CAVEAT EMPTOR
> (buyer beware) on EVERYTHING that you get pitched at you! Not just in the
> industry rags either - from ANYWHERE!
>
> What goes on in the business is truly disgusting. In most other industries
> most of these things wouldn't be tolerated. Run the bums out of town.
>
> There are plenty more like BW out there. In fact, probably the rule rather
> than the exception. Sad but true. The risks of trading are not just in the
> markets! It's a big risk just trying to get through the jungle to learn how
> to trade. We don't need fraud on top of the inherent difficulties of trading.
>
> That's why I am also in favor of Mark Brown's rantings on this list. He is
> uncouth but certainly the scam artists out there need exposing. He's like
> the little boy shouting "the emporer has no clothes!" Also sad but true. I
> appreciate honesty in all areas of my life and relationships. I want it in
> this business also. Don't find much though.
>
> David Cicia
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