On Wall Street, information is power. Investors increase their potential to profit by knowing more than the person on the other side of each transaction. But some unscrupulous folks don't stop at simply gathering better intelligence. They aim to cash in by spreading lies that mislead and misdirect ordinary investors like you -- making themselves rich at your expense. With persistence and a little know-how, you can protect yourself, your friends and family, and your money from making these kinds of costly mistakes.
“Most knowledge -- and I confess it took me some time to recognise this -- is obtained not from immediate experience or observation, but in the continuous process of sifting a learnt tradition.“
-- Friedrich Hayek, economist, The Fatal Conceit.