I just started reading Andrew Tobias's book, "The Only Investment Guide You'll Ever Need", and so far it looks like it will be good.
End of the first chapter:
"There are, in fact, very few ways to get rich quick. Fewer sill that are legal. Here's one: Take $5000 (borrow it if you have to), place it on 22 at the nearest roulette table, and win $175,000. Don't laugh. Many complicated schemes, if they were stripped of their trappings and somehow reduced to their underlying odds, would not be much less risky. It's the trappings - the story, the pitch - that obscure the odds and persuade people to ante up the $5000 they'd never dream of betting at roulette."
He talks about how the book is about seeing the forest through the trees. You can learn all you want about a certain type of investment, but what you really need to know is whether you should be involved in that investment in the first place.
"For example: It is a fact that 90% or more of the people who play the commodities game get burned. I submit that you have now read all you need ever read about commodities."
End of the first chapter:
"There are, in fact, very few ways to get rich quick. Fewer sill that are legal. Here's one: Take $5000 (borrow it if you have to), place it on 22 at the nearest roulette table, and win $175,000. Don't laugh. Many complicated schemes, if they were stripped of their trappings and somehow reduced to their underlying odds, would not be much less risky. It's the trappings - the story, the pitch - that obscure the odds and persuade people to ante up the $5000 they'd never dream of betting at roulette."
He talks about how the book is about seeing the forest through the trees. You can learn all you want about a certain type of investment, but what you really need to know is whether you should be involved in that investment in the first place.
"For example: It is a fact that 90% or more of the people who play the commodities game get burned. I submit that you have now read all you need ever read about commodities."