"A major requirement for sucessful investing is the constant awareness that there is a new religion in the world. The god of this new religion government, and the ritual the worshippers perform is legislation. Faith in this new religion is deep and profound. The worshippers are convinced their god can solve almost any problem, if only the right legislation can be performed...
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There is an abundance of legislation for every problem known to mankind, especially financial problems. The worshippers are convinced that this legislation is truly protecting them from financial rip-offs, so they feel less need to protect themselves...
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The ritual does not work. The god is a false god, and we are on our own."
~ Richard Maybury, Investment Frauds, Rip-offs, and Cons (1984)
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Persevero,
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