Rigged Money

Preface xi
<p>Acknowledgments xvii</p>
<p>PART I Old School . . . of Thought</p>
<p>Chapter 1 Buy and Hope: The Scam? 3</p>
<p>Blame the Dutch! 5</p>
<p>All the Wrong Moves? 7</p>
<p>Time Is Not on Your Side 14</p>
<p>My Dinner with Burton 19</p>
<p>Chapter 2 Lie of the Pie 23</p>
<p>Today s Outrage: Pie Town 23</p>
<p>The Original Pie Crust 26</p>
<p>Breaking Eggs, Then the Entire Kitchen 29</p>
<p>So, What Is Next? Risk Budgeting! 34</p>
<p>PART II Wall Street: The Set Up</p>
<p>Chapter 3 Mayday 43</p>
<p>How the SEC Let the Dogs In 43</p>
<p>Mayday, We Have Soft Dollars! 45</p>
<p>Soft Dollars 47</p>
<p>Death of the Stockbrokers 49</p>
<p>Short History of Advice 51</p>
<p>Avoiding Fleas 55</p>
<p>Chapter 4 Research by the Pound 57</p>
<p>Research by the Pound 64</p>
<p>The Report Trail 67</p>
<p>Chapter 5 401(k): Gun to Your Head 71</p>
<p>How We Became Traders 72</p>
<p>The Mutual Fund Supermarket Is Born 76</p>
<p>No Stockbroker Is an Island 80</p>
<p>Chapter 6 Liquid Casino 87</p>
<p>Liquidity Is God 87</p>
<p>Why Dark Is In 94</p>
<p>When the Lights Go Out 97</p>
<p>PART III Surviving the Rigged Game</p>
<p>Chapter 7 How Wall Street Sees You 101</p>
<p>Is That Really What You Want? 101</p>
<p>Taking a Strong Opinion Too Far? 104</p>
<p>Cramer Is Driving Me Crazy 106</p>
<p>How a So– Called Pro Fools Himself 108</p>
<p>Other Distorted Images 109</p>
<p>Chapter 8 ETFs: Fact or Fiction? 113</p>
<p>Selling the Sizzle 116</p>
<p>Getting Down to Earth 118</p>
<p>The Audit Part I: Sectors 119</p>
<p>The Audit Part II: Grain Wars 122</p>
<p>The Audit Part III: Junk Is Garbage 125</p>
<p>The Final Audit: We Have a Winner! 127</p>
<p>The Virus Goes Airborne 130</p>
<p>Chapter 9 Gold Is Money 133</p>
<p>Historical Use of Gold 137</p>
<p>Gold Is Standardized 142</p>
<p>Control versus Live Free or Die 144</p>
<p>Brave New Non– Pegged World 146</p>
<p>Chapter 10 Options: Really? 149</p>
<p>Do You Want Them? 149</p>
<p>Practical Strategies 151</p>
<p>Chapter 11 Dividends: A Conundrum! 157</p>
<p>The Pitch 158</p>
<p>The Early Days 160</p>
<p>Growth Breaks Out 164</p>
<p>What s Next? 167</p>
<p>Chapter 12 The New Scam 169</p>
<p>How Did We Get Here? 170</p>
<p>History Repeats Itself 173</p>
<p>Further Down the Rabbit Hole 179</p>
<p>Credit Unions 185</p>
<p>Corporate Credit Unions 188</p>
<p>Afterword 191</p>
<p>Notes 193</p>
<p>About the Author 197</p>
<p>Index 199</p>