From an unknown source at pennystocks.com: The magician distracts the eye with one hand while he does his manipulation with the other. Wall Street has mastered this move even beyond the wildest dreams of Houdini. Investors have become so mesmerised by the smoke and mirrors that they believe brokerage houses are telling them the truth. One of their master distractions has you believing that research is necessary to be able to pick a winning stock or mutual fund. But that long report by some analyst came from sources available to anyone and everyone, which means all that information is already in the price of the stock. Those beautiful tout sheets sent to you by some broker will have you looking in the wrong place just as the magician does while he is picking your pocket. The annual report is a beautiful document. Slick paper and in full colour, but those footnotes are hard to read. You know the old saying: They give it to you in the big type and take it away in the small type. More o...

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