Zack Shepard's blogSanity

Here is a great clip of Alan Greenspan discussing the unpredictability of markets and the economy.

This is the classic example of, “If it’s too good to be true, it probably isn’t true.” As you can see from the graphic, financial fraud is increasingly being committed over the past couple of years in the US. As investment products become more and more exotic and overpromising, so to comes exposure to fraud. There are no magic beans when it comes to investing, etc. Own the market, stay disciplined and rebalance. It’s as simple as that.

Be careful out there.

This must be some sort of parallel universe where one self proclaimed financial guru (destroyer of wealth) is touting the financial abilities of a former baseball player turned self proclaimed financial guru (idiot). Oh no, wait a minute, it’s just a clip of Jim Cramer touting Lenny Dykstra. Now I get it. Role tape.