"The Beardstown Ladies, those homespun, grandmotherly investors whose supposed success created a mini-industry, are being called frauds. ... the annual return during the decade covered in the book -- which the ladies put at 23.4% -- 'includes the dues that the members pay regularly.'
Oops, that's not the way it's done.
It would mean their total returns were nowhere near as robust as claimed and would probably spell the end of the little industry the investment club has spawned."
They're all dead now.
ReplyDelete"The Beardstown Ladies, those homespun, grandmotherly investors whose supposed success created a mini-industry, are being called frauds. ... the annual return during the decade covered in the book -- which the ladies put at 23.4% -- 'includes the dues that the members pay regularly.'
ReplyDeleteOops, that's not the way it's done.
It would mean their total returns were nowhere near as robust as claimed and would probably spell the end of the little industry the investment club has spawned."
(Los Angeles Times, February 28, 1998)
No frozen pies for THIS investor!!
ReplyDeleteOther examples in this video:
ReplyDeleteInvesting in mutual funds is as easy as cleaning your dentures!
Setting up your 401k is as easy as changing your adult diaper!
Eat the profits. Have a heart attack. Lose your savings paying the hospital bill. The metaphor works!
ReplyDeleteWay to be a dick and cut off the video before I can get that recipe.
ReplyDeleteAw, they're sweet. Encouraging the mass transfer of wealth from the poor to the rich that is stock market investing, but sweet.
ReplyDeletethat looks like a good apple pie
ReplyDeleteOh, I miss those elderly frauds.
ReplyDeleteTurns out their actual returns were generally lower than the S&P during the 80s and early 90s.
no comprendo
ReplyDeleteBaking a pie is fairly difficult, actually.
ReplyDeletei love this video
ReplyDeleteGod, I love metaphors.
ReplyDeleteThe pie looks a little icky, actually.
ReplyDeleteI say we build a fan site for these elderly entrepreneurs on Facebook, and see if we can get Loren Michales to let them host Saturday Night Live!
ReplyDeleteif its a bull market, be sure to eat you're prunes sink washed with granmdas famous roast beef on the nasdow.com trading pan.
ReplyDeleteif its a bear market have the napkins ready for your broker coming over for fried mashed corn chicken gravy grizzly canada
if its a bull market, be sure to eat you're prunes sink washed with granmdas famous roast beef on the nasdow.com trading pan.
ReplyDeleteif its a bear market have the napkins ready for your broker coming over for fried mashed corn chicken gravy grizzly canada