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Book Review of Beardstown Ladies Common-Sense Investment Guide: How We Beat the Stock Market-And How You Can Too

Beardstown Ladies Common-Sense Investment Guide: How We Beat the Stock Market-And How You Can Too
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When the news first came out that these ladies beat the stock market the old fashion way, with a portfolio worth more than $90,000 and an impressive average return of 23%, the public said WOW! The book is suppose to reveal their money-making secrets in a profitable and accessible strategy to investing that even inexperiened investors can follow. However, on closer look at their bookkeeping and bottomline, it was discovered that their "profit" included their initial investment money (which is a definite no-no in accounting procedures). After the dust settled, an audit was run of their books (and a real accountant did the audit), their profits weren't any better than the average person. If you like listening to non-professionals read their books and/ or talk about investments, stocks, etc., then you'll find the tape interesting. If you are going to listen to the tape to learn something you didn't already know, then skip the listening unless you have nothing else to play and are desperate for noise.