'Fessing Up To Being A Sucker
from the look-how-easily-tricked-I-am-out-of-my-money... dept
I guess the new business model for all the suckers who lost millions when the boom went bust is to write a book about it. Knowledge@Wharton has a review of the book, American Sucker, by a journalist who got suckered into the whole bubble hype, and ended up losing plenty of money. What's funny to me, though, is that anyone watching the stock market saw that it started to collapse in early 2000. This guy got into the market right about the time it started dropping, and kept investing, all the way down. In other words - unlike most people who saw their portfolios shoot up and then crash - this guy only went straight down.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
