Guy . No. Two years before Lehman Brothers blew up, they did a two for one split. Melissa this is why we keep charlie around. Because im owed and i remember covering it. These changes are generally cosmetic. I, you know, it makes it easier for Retail Investor to get in. As we know Retail Investor is dumb money when they start pouring into the stock. That is not nice. That is absolutely true. Absolutely true. When they plow into something that is not time to be in. Melissa another story charlie is on top of, Family Dollar adopting a poison pill after carl icahn revealed 9 stake on friday. He has been quiet since tweeting, right . He didnt tweet. The Fox Business Network was on top of this. The minute it happened we were out there. We record his intentions to merge Family Dollar with Dollar General. If you look at Dollar General shares, we should show a chart, theyre up tremendously, another 10 on top of that case. This is not dumb money. Okay. This is smart money. His intention is prett
A great program. Great success. I believe jack gave the first door second speech to the interests he felt very deeply about that. I am part of the advisor report. Ladies and gentlemen, were will go out to the lobby after president mrs. Carter is able to leave and we will have readings from the book shortly,. Expos and the dark side of the personal finance industry which leader you call the industry complex which includes not only investment brokers but also the financial media, seminar leaders, newsletter publishers. You even include yourself as a former columnist with the l. A. Times and the money makeover column. Its part of this complex, and you point out with some guilt that you were responsible for giving people the illusion of control. You talk about that in the book. What do you mean by delusion for control . Guest it starts with Sylvia Porter and it is a spinoff on the selfhelp movement in the 1930s they are known for everything from the of hard Economic Times of the 1930s you
Column. You include yourself as part of this complex, and you point out i think with some guilt that you are responsible for giving people an illusion of control. You talk about that throughout the book the what do you mean by that . Guest im going to backtrack. Personalfinance starts in the 1930s with Sylvia Porter. And its really a spinoff at of the selfhelp business of the 1930s to the 1930s are known for everything from hard Economic Times of the 1930s. Easy everything from Alcoholics Anonymous to go in the 1930s the napoleon, giving people rich, a very socialist activist movements, fascism and communism. And theres a whole fulcrum going on. Sylvia porter developed personalfinance out as over a period of years. And her goal is to educate people so that this Great Depression would never happen again. But its very much in the way an idea that we can teach people certain skills. And if they learn the skills we will all be okay. But what goes on overtime is personalfinance slowly becom
You are being asked buy and you are not being paid much to take the risk. The stocks are not down all that far. A 5 decline for the dow and a teenie amount for the nasdaq. That does not entice me. S p 500 going down 1. 59 . And nasdaq nosediving 2. 16 . No panic, and volume was light. But why the heck did you have to do any buying today . I dont want to give up on this market. No, but yes, i think the beat down was deserved. And i dont think its over. Lets talk about what is changed that can make us go down and whats the same, that can allow us to bounce when the market pulls back a few points, which is where the current news probably takes. First is syria. We dont know what is going to happen in the middle east, but any time anything happens, you get a real sell off, you have to assume the worst. We have fought two wars and you cannot avoid the possible of a third. And what is happening in egypt, you cannot imagine of anything good. Making matters more difficult is the fact that that
Host end i was caught by this subtitle, the exposing the dark side of the personal finance industry which a later you called the personal finance industry complex that is not only investment banks and brokers and Financial Planners also the Financial Media seminar leaders and even include yourself as of former columnist for the l. A. Times monday makeover column a and call yourself as part of the complex and point out with some guilt is you were responsible for giving people the illusion of control. What you mean by that . Guest i will backtrack. Personal finance started 1930s with the Sylvia Porter spinning out of the selfhelp business that are known for everything from saw hard Economic Times with Alcoholics Anonymous developed to Napoleon Hill sinking negative rich, various social activist movements, fascism and there are others in developing and her goal is to educate people about the Great Depression will never happen again but it is the a deal we can teach people certain skills a