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Publisher's Summary

"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as self-evident." (Arthur Schopenhauer)

The stock market is similar to a Ponzi scheme because it is a system where the current investors' profits are dependent on the inflow of cash from new investors. The myth is that profits from stocks come from the earnings and growth of the underlying company. The reality is that profits from buying and selling stocks come from other investors who are buying and selling stocks. When one investor buys low and sells high, another investor is also buying high and needs to sell for even higher. 

The truth really is just that simple. But you might be thinking, "Stocks are ownership instruments. People have made money. Some companies pay dividends or buy back shares, etc." 

I'm familiar with those ideas because I used to work in finance and defended the legitimacy of the stock market with those same textbook responses. But then I thought about it for many years at very deep levels - researched the history of stocks, studied SEC filings - and realized there is a massive difference between the textbook ideas from school and what actually happens in practice. 

The outcome of the years of meditation is this short audiobook that explains the simple truth about how stocks really work. It doesn't matter if you love stocks or hate them. You should know the truth about where your money goes the moment you buy a stock. You can listen to this audiobook to be a better gambler or listen to it to avoid the world's biggest scam. You will learn something unique here that you will not find elsewhere, and you will never forget what you learn. 

The funny thing about truth is it doesn't go away. It can get covered, and people can get distracted, but it never disappears and becomes more evident over time. This is not just another story that will disappear after another market crash. It’s an idea that will remain relevant for as long as the stock market exists. 

©2017 QuantStyle LLC (P)2018 QuantStyle LLC

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    5 out of 5 stars

This book is a great investment of yout tme.

The author makes a lot of great points and observations. Very well written with clear and concise ideas regarding the stock market, a clear picture is painted. The definition of an expert is one who can explain the complex in understandable terms, Tan Liu meets this definition.

The truth really is simple after you see it. IF you take the RED pill and are still in the Matrix did you take the red pill and if you do nothing or do not know how to fight the system. I have wondered about some of these observations not as deep of explanations, some of these ideas are new and go further than I have made, yet I stay in the game. Just like Social Security, the Stock Market uses funds from new investors to pay those that got into the PONZI SCHEME earlier. Yet that is the system, I see the problem what is the solution? Till I find the way out I’ll want to be the one using the silk toilet paper. This book confirms a few of the suspicions I had already about the Finance world.

I highly suggest this book and give it five stars, why because it is a new ideas and it has kept me thinking about our finical system. IF you invest you money in the market, invest your time in this book.

1 of 1 people found this review helpful

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Great overview of why Common Stocks are scams

Great easy to understand and funny but important knowledge in this book. I would highly recommend it, should be required read before getting into stocks.

1 of 1 people found this review helpful