January 30, 2006 - Reading this one is kind of like plucking your eyebrows with red-hot tweezers... some things are just more pleasant. I'm thinking this guy is a real hoot at parties, as long as you like discussing spreadsheets, algorithms, and actuarial tables that is.

But it's worth reading a well-thought-out, engineer-like explanation of how all those charts and graphs and pretty color printouts that your broker, the mutual fund company, the insurance agent, and the investment guy at the bank are just SMOKE AND MIRRORS!

Yes, all those colorful charts are very convincing, very impressive, and,  in reality, absolutely meaningless. They speak nothing of reality or of what your money is going to do for you.

Absolutely nothing.

Click the title to read the original article. It will open in a new window.