There is a new David Blaine special that aired on ABC last night. For those who may not know, David Blaine is a world class magician whose tricks and illusions are second to none. If you get the chance I highly recommend you find his new special and watch. But what does magic and David Blaine have to do with investing? Absolutely nothing. Despite what some people might think, there is no “magic” that goes into successful investing. The biggest difference between an investment adviser and a magician, however, is that it’s imperative for an investment adviser to “reveal his or her secrets’. A great magician never tells how a trick is done, but a great investment adviser will have clients who fully understand their process inside and out.
Here’s what I’ve been reading this morning: