Reading the best blogger of our generation James Altucher’s latest post entitled “Name Me A Single War That Was Worth It”, I can’t help but focus in on one key point he makes, saying “I’m not trying to be “pro-peace”. I’m more anti-stupidity.”
My entire trading strategy and education business is based on anti-stupidity, but despite my success I know this is a losing battle…as evidenced by the world’s biggest pop star doing business deals with a fundamentally flawed company like Options Media Group Holdings, Inc. (OPMG) and perhaps more importantly, the thousands of gullible investors who failed, like Bieber’s advisors, to do thorough due diligence of the company, a company whose president just resigned when a Florida blogger discovered his felony conviction.
And to those lying on message boards about why I write articles like THIS exposing the company’s “fundamentals”, I am not short the stock, never recommended shorting the stock, in fact recommended buying the stock in my initial post since it was so low priced…well, I’ll give you the same reason as James Altucher does to those who try to twist his words: I’m not trying to be “pro-failure”. I’m more anti-stupidity.”
This email I recently received from one of my Trading Challenge students and its accompanying chart are relevant here, check it out:
You always say that you would short the human race if given the chance. As you’ve proved over and over again, our existence is like a sketchy pink sheet company. This graph proves you might be on to something…our race looks like a classic pump and dump to me. Short sell!
And because I know stupidity isn’t going away anytime soon — in fact the case could be made that stupidity is in the midst of a multi-century bull market, despite the efforts of people lie Altucher, myself and millions of other writers and educators — I can’t help but think the human race chart will inevitably end up looking like one of the penny stock pumps I track and short sell every day, “good-to-zero” (GTZ) stocks that have surged due to blatant stupidity, which is also their undoing once reality sets in…stocks like Jammin Java Corp. (JAMN) and Lithium Exploration Group Inc (LEXG)
How ever this is one pump and dump I can expose but not profit from as there REALLY are no shares to short in this case.
It’s unlikely I’ll be able to live long enough to see the seemingly inevitable drop as we create more advanced weaponry able to kill millions of people in an instant and our leaders will likely be voted in not due to their intelligence or understanding of the consequences of using such weaponry, but thanks to their popularity and ability to influence millions of people with nice-sounding but ultimately misguided and dangerous actions…like the president in Idiocracy…people like Arnold Schwarzenegger and Justin Bieber.