Randall Lane has had an illustrious career as a failed magazine publisher, bankrupting not just one but two magazines and now his upcoming book “The Zeroes: My Misadventures in the Decade Wall Street Went Insane” will teach you how to be a failed magazine publisher too!

Understand that I too wrote a book about my “failed” little hedge fund called “An American Hedge Fund” so I know there are lessons in failing…but I also had prior success (turning blah blah blah thousands into blah blah blah millions) and now have resumed being successful as the #1 ranked trader out of blah blah blah on Covestor with thousands of happy TIMalert subscribers (my latest win being buying LUNA on Friday at $3.36…now nearing $5…see detailed post)…looks like it’s a side picture of Randall on the cover burning a dollar bill…pretty sick…unlike him, I was never proud of my losses.

As far as I can tell Randall Lane has NEVER had any success and this upcoming book doesn’t look too promising. I mean Randall, Wall Street has already blown up, there’s already countless articles and books about how corrupt and inept everyone is and those are written by people who haven’t bankrupted two publishing companies in a row! (hint: they’re a little more credible than you)

For those of you who don’t know thanks to incompetent management Trader Monthly shut down and their editor-in-thief Randall Lane boasted their readers were “29 years old, making $400,000 a year, and spending all of it.” (And the guy was proud of it)

After making it to their ‘Top 30 Under 30′ list (see my CNBC video clip), we had a falling out because Randall, and I think he’s earned the title as “the sick twisted son of a bitch“, labeled me as Ryan Leaf (failed football star) without bothering to research why my hedge fund lost 35% (illiquid investment, I got away from my core trading strategy because I got sucked into Randall’s superficial way of thinking and wanted to go big…I have since become conservative which is the reason my publishing company does low seven figures/year and unlike Randall Lane’s attempts, is immensely profitable)…and went to he media saying that my press and TV appearances were hurting my trading (erroneous on both counts!)

It’s actually pretty amazing Randall Lane even got a book deal, most likely due to his connected Fortune writer wife…do you remember when she got Forbes (see story) & Portfolio.com (see story) to go easy on Trader Monthly?

You see Trader Monthly blamed the tough economy for their troubles–how does a reader spend all their $400,000 income when they don’t have a job?–but the problem is that they were flat broke BEFORE the economy started tumbling, even being forced to turn off the air conditioning in their offices during the NY summer heat!

(I got that info from 2 sources…oh yes, Randall Lane and Trader monthly have screwed over a toooooon of writers (check out one who started a blog about the $ owed to him), editors, graphics people..and I even met with an ex-Trader Monthly writer who said they were forbidden to mention my name in their offices as they didn’t know how my reporting was so dead on…seriously, I couldn’t make this stuff up)

Well, Portfolio (hey, did they own Portfolio.com?…that site went out of business too…maybe Randall’s book about publishing failure struck a chord with them) is “the firm” publishing this piece of National-Enquirer-like-trash (NE publicist says they resent the comparison, they did break the Tiger Woods story!)…

Hey, re-reading this post, there’s a lot of juicy stuff Randall can share…but given the number of lawsuits and creditors (or did the bankruptcy just wipe out all those issues) will he be brutally honest? DOUBTFUL…and no matter how he writes it, the many people he’s screwed over in the past few years will be sure to scrutinize every word….stay tuned.

Tags: Books, idiots, Randall Lane, Trader Monthly