Chapter 1. Sages and Charlatans: Avoiding the Fads, the Buzz, the Rip-Offs, and the Merely Dumb

 

“You could step into the store and see what’s going on. Are people buying, are there a lot of people? And then when you see the CEO and he says there are a lot of people coming into the stores, you have to compare the two. And if you know that there aren’t a lot of people, then you know there is something fishy.”

 
 --Patrick Gallimore, 14, who attends a stock market education program at the Dr. Gladstone H. Atwell Middle School 61 in Brooklyn, New York

Soon after I moved to New York, in 1999, I met a Chinese woman who had saved every cent to come and study in the United States. Hers was typical of the resourceful immigrant stories on which this city ...

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