A Financial Revolution 

January 13, 2006
"Hot" Stock Tips
I got back to the office this morning after a week-long trip to Europe and I noticed a couple faxes touting the latest investment in a company ready to "change the way we live." According to the faxes, investors in the company are poised to make a fortune.

The faxes reminded me about Joshua Cyr's experiment. Joshua created a hypothetical portfolio of stocks touted in spam emails. The result: after six months the portfolio was down 52%. Six stocks rose, 16 fell more than 75%, and 15 fell by a lesser amount.

I guess I'll just recycle those faxes.

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