Title: Advice fromthose who made 9% from 1981 to 1993?
Product review: While mutual-fund managers (who manage other people's money) are forced to disclose their actual returns with periodic audits from established accounting firms, "investment advisors" are free to make up numbers to sell their advice. The implicit message behind every investment book (Buffett, Lynch, et al) is the unspoken promise: "If you think about investment as I do, you, too can earn my spectacular returns."Buffett and Lynch earned the right to toot their own horn -- having beaten the general index over decades. The Beardstown Ladies' dirty little secret is that they "accidently" included their monthly dues into their total returns of their fund. If a mutual fund manager did this with his 12b-1s he'd be in jail. Skip the book and go for Peter Lynch.
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