'Fessing Up To Being A Sucker

from the look-how-easily-tricked-I-am-out-of-my-money... dept

I guess the new business model for all the suckers who lost millions when the boom went bust is to write a book about it. Knowledge@Wharton has a review of the book, American Sucker, by a journalist who got suckered into the whole bubble hype, and ended up losing plenty of money. What's funny to me, though, is that anyone watching the stock market saw that it started to collapse in early 2000. This guy got into the market right about the time it started dropping, and kept investing, all the way down. In other words - unlike most people who saw their portfolios shoot up and then crash - this guy only went straight down.

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