Wizards, Prophets, and Other Wall Street Fairy Tales

Is your email overflowing with urgent messages from “get-rich-quick wizards” or “prophets of doom”? It’s amazing how many otherwise-smart people are persuaded by charlatans and zealots hawking investment advice, day trading schemes, commodities, penny stocks, oil wells, and house flipping. What’s the truth behind the “fever swamp of financial delusions”? What are the telltale signs of these “financial P.T. Barnums”? How can you tell the legitimate—though extreme—positions from the con jobs? We’ll explain.

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