Diamond News

Oh, what a tangled web we weave when
first we practice to deceive!

– Walter Scott

Savvy InvestorWhen I taught in night school my professor insisted I attend a full-day conference on “Effective Teaching Methods”. The speaker list was full of well accredited academics.

The morning consisted of 3-4 speakers outlining their intellectual theories. They rambled on, under the illusion the audience was enthralled with their brilliance.

The afternoon speaker told a story of a father and young son at a graduation ceremony. The boy looked at the program and asked, “What does BS, MS and PhD mean after their names?”

Dad thought for a moment and said,

“Son, everyone knows what BS is. Well, MS is just more of the same. At the top designation is PhD, meaning piled higher and deeper!”

Most of us roared with laughter as we stood and applauded, while others nervously shifted around in their seats.

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The investor’s challenge

Unfortunately, many investors must sort through too much BS that is attempting to deceive the public.

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