A Fool and His Money: The Odyssey of an Average Investor (Wiley Investment Classics)

There is one thing that can be said about A Fool and His Moneythat cannot be said about any other colume of investment advice:You will never make a penny from the information in this book. Nowork on the subject of personal finance has even tried to make thisclaim before. That is because works on the subject of personalfinance are all lying. John Rothchild is the only fully honestauthor in the genre.from the Foreword by P. J. ORourke.A veritable gold mine of comic insight into the predicament of anaverage investors avid pursuit of wealth, A Fool and His Money isJohn Rothchilds critically acclaimed personal account of a yeardevoted to investing his money in the markets. The entireinvestment worldits characters, institutions, customs, andmythspasses under Rothchilds sharp and profoundly humorousscrutiny.Acclaim for A Fool and His MoneyWhat makes this book so good is that Rothchild can explain thingslike naked puts . . . and leave the reader both edified andlaughing. . . . Witty, fastpaced, and educational.TheWashington Post.Youll relish John Rothchilds comic tale. . . . The book nearsguaranteed delight.Newsday.A Fool and His Money may be the funniest book about investing everwritten. Its a readers capital gain.New York Post.You set aside some money, quit your job, devote yourself entirelyto studying the markets, and start to invest. Then, through hardwork and your own magical intuition, you become so wealthy yourmajor concern is finding a fashionable hobby to soak up yourabundant leisure time. All in about a year.Now, thanks to this hugely entertaining and informative book, youcan live out the fantasy without risking your money, your joboryour sanity.Since its acclaimed debut a decade ago, A Fool and His Money hasbecome a treasured investment classic. Its the comic, firsthandaccount of a firsttime investor who sets out to make his wildestmoney dreams come true.In a surge of optimism and enterprise, financial writer JohnRothchild drops everything to devote an entire year to learning howto invest a modest sum of money. Motivated by a sincere desire toget rich, he undertakes his mission by systematically studying asmuch as he can about the markets and how they really operate. Hefearlessly asks the most basic questions, observes theprofessionals at work, studies the newsletters, makes investments,and reports back on everythingincluding his own highly personaland often hilarious reactions.With Rothchild as your guide through the marketplace, you will:* Eavesdrop as his broker explains in fluent doubletalk why heshould buy a certain hot stock* Share in his buyers remorse as Rothchild purchases an unknowntechnology company stock that puts him on an emotional rollercoaster* Be humbled as he enters the almighty Federal Reserve Bank andstruggles to understand its omnipotent power over his personalfinances* Witness the excitement and confusion of the Commodities Exchangeand find out what pork bellies really are* Hear firsthand the enigmatic and undoubtedly wise words ofvarious wizards of Wall Street* Sympathize with Rothchild as he explains his transactions to hisloved ones* Blush as he shamelessly attempts to deceive them.In a gesture of pure magnanimity, Rothchild also includes thehardwon bits of wisdom he calls his 25 Useful Tipswhichinclude such sage advice as Never buy anything from a broker at anairportand his handy Fools Glossary, which clarifies many ofthe technical terms used in the book.Clever, funny, and informative, A Fool and His Money will rewardinvestors at all levels of experience with a revelation on everypage.