Wednesday, April 21, 2010

It is your hard earned money

Paul Krugman, Noble prize winner in economics, writes in his blog post titled, 'Looters in Loafers':

Quote:

For the fact is that much of the financial industry has become a racket — a game in which a handful of people are lavishly paid to mislead and exploit consumers and investors.

UnQuote

In this blog, over the last two years, I have been making the same point, although Mr Krugman has been much better in puting this idea accross.

Now, readers do not have to be exploited. Remember, it is your hard earned money. And, greed kills.

4 comments:

sam advisors said...

i didnt understand what ur trying to say by this point.

ANAS said...

Respected Sir, its me again. truly said by you, the retail investors gets exploited and greed kills. I am working on my Mechanical Trading System (still in its nursery stage] I seek your experience & knowledge to improve it. Sir , it will do me a great benifit , if you would spend some of your precious time to explain ADX. not the calculation method, but its interpretation at various levels, how it shows whether a trend is strong or weak. the method to calculate the appropriate time frame for differant stocks/indexes. Also, if there is another indicator which determines trend better than ADX. Your views will be highly appreciated. Thank You once again for keeping in touch with us. (the weather here in Kolkata is blazingh hot, last 3 days were extreme. today , it is a little down as wind is blowing to our relief.I hope Baisakh rains to start soon ] anas_batla10@rediffmail.com

STOCKMARKET.COM said...

hahah....
dont compare yourself with the great Mr. Krugman......the great persons like Krugman, who write such articles never indulge in blue tv channels activity to project themselves and never travel around the country for investor camp.....and that too with baseless views...
you are doing your job for your earnmings..and Mr. Krugman doing his work for the benefit of society...this is the doifference.....

Fire Calls said...

Sir, will u pls comment on Hind Oil exploration. Is it making falling wedge, or flag pattern, or its simply in downtrend which i doubt it is.