Article Image

IPFS News Link • General Opinion

I used to work in finance, and here's why I think your 401(k) is a scam

• http://www.businessinsider.com, JAMES ALTUCHER

I write something and instead of responding with a well-reasoned argument, they write things like "James Altucher is a wacko" or "James Altucher is a scumbag."

I've written for or appeared on the Wall St Journal, the Financial Times, CNBC, Fox Business, ABC, and many other finance sites. I've run hedge funds, funds of hedge funds, I've day traded, I've run a VC fund.

I see what happens inside the system. It's ugly. And they don't like you.

Almost 100% of financial journalism is BS, written by people who don't know anything about finance.

Almost everyone writing in the finance world has an agenda.

For instance, the last time I wrote about why a house is a bad thing to buy, someone wrote an article, "James must be an idiot."


OccupyTheLand