In the same way that young writers can benefit by studying dreadful composition, new investors should study the worst investments. Fortunately such cases are rare if you mostly stick, as I do, to the NYSE.
Focus on avoiding disasters such as Enron which is so rich in lessons about greed and the limitations of even blue chip CPA firms, Arthur Andersen in that case.
Or Bre-X, an early-1990s Canadian mining stock which briefly peaked at $200 a share and fooled some of the savviest American funds. Bre-X was a gold miner, with mines other side of the world, that had no gold!
Average investors can do QUITE nicely just by avoiding the worst garbage, eschewing hot fads and ignoring short term zigs and zags. In other words, be a Buffett.
RSHCQ bonds are now quoted at 0.13 down from 0.25 yesterday.
______________________________________________________________
Because the Good Life is Just a Pump or Two Away
