THE BIG INVESTMENT LIE

DESCRIPTION  Michael Edesess' new book vividly describes how
he discovered, during the course of a successful career in the
investment field, how the $200 billion a year investment advice and
management business rests almost entirely on misrepresentations
and falsehoods, sold to us through a pervasive disinformation
campaign that Edesess calls “The Big Investment Lie.”  Edesess
warns those who use investment advisory services -- both
individual investors and institutional investors, both average
investors and wealthy investors -- that they are being sold a fake
bill of goods and paying an exorbitantly high price for it.  He
reveals -- using fascinating and often humorous experiences as
well as simple explanations of investment theories and evidence --
how badly investors are being skinned by “The Big Investment Lie”
and why they buy into it, swallowing the doctored statistics and the
distortions of truth concocted by master salesmen. He exposes the
snow job of professional investment advice and management
services and how they are sold to us, showing how to avoid the lie
and invest without throwing barrels of money down the drain on
expensive but worthless services. He then shows that the smartest
investors use the simplest methods and have the highest wealth
accumulation rates, and how they do it. Investing smart consists
more than anything else of knowing the simple ingenious means to
grow wealth while avoiding the plethora of costs and taxes incurred
by “helpers” who add no value.