You don't need to own a Kindle device to enjoy Kindle books. Download one of our FREE Kindle apps to start reading Kindle books on all your devices.

  • Apple
    Apple
  • Android
    Android
  • Windows Phone
    Windows Phone
  • Click here to download from Amazon appstore
    Android

To get the free app, enter your mobile phone number.

kcpAppSendButton

Buying Options

Kindle Price: $6.78
includes tax, if applicable
Read this title for $0.00. Learn more
Read for $0.00
OR

These promotions will be applied to this item:

Some promotions may be combined; others are not eligible to be combined with other offers. For details, please see the Terms & Conditions associated with these promotions.

Deliver to your Kindle or other device

Deliver to your Kindle or other device

<Embed>
The Ponzi Factor: The Simple Truth About Investment Profits by [Liu, Tan]
Audible Narration
Playing...
Loading...
Paused
Kindle App Ad

The Ponzi Factor: The Simple Truth About Investment Profits Kindle Edition

5.0 out of 5 stars 1 customer review

See all 3 formats and editions Hide other formats and editions
Amazon Price
New from Used from
Kindle
$6.78

Length: 171 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Audible Narration:
Audible Narration
Switch back and forth between reading the Kindle book and listening to the Audible narration. Add narration for a reduced price of $3.49 after you buy the Kindle book.
Ready
Language: English
  • Similar books to The Ponzi Factor: The Simple Truth About Investment Profits

Browse our most popular books based on sales
Find your next great read. Shop best selling books

Product description

Product Description

"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as self-evident."  --Arthur Schopenhauer

The stock market is similar to a Ponzi scheme because it is a system where the current investors' profits are dependent on the inflow of cash from new investors. The myth is, profits from stocks come from the earnings and growth of the underlying company. The reality is, profits from buying and selling stocks come from other investors who are buying and selling stocks. When one investor buys low and sells high, another investor is also buying high and needs to sell for even higher.
 
The truth really is just that simple. But, some of you might be thinking, "But stocks are ownership instruments, some stocks pay dividends, some companies buy back shares, people have made money, etc."
 
I'm familiar with those ideas because I used to work in finance and defended the legitimacy of the stock market with those same textbook responses. But then, I thought about it for many years at very deep levels--researched the history of stocks, studied S.E.C. filings--and realized that there is a massive difference between the textbook ideas from school and what actually happens in practice. People also have a tendency to rationalize and ignore the obvious when it goes against what they want to believe.

The outcome of the years of meditation is this short book that explains the simple truth about how stocks really work. It doesn't matter if you love stocks or hate them. You should know the truth about where your money goes the moment you buy a stock. You can read this book to be a better gambler or read it to avoid the world's biggest scam. You will learn something unique here that you will not find elsewhere, and you will never forget what you learn.

True ideas will never disappear. It can be covered, and we can get distracted, but the truth never goes away and becomes self-evident over time. This is not a story that will disappear after another market crash. It is an idea that will remain relevant for as long as the stock market exists.

Product details

  • Format: Kindle Edition
  • File Size: 8528 KB
  • Print Length: 171 pages
  • Publisher: QuantStyle Publishing; 1 edition (11 February 2018)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • ASIN: B079RJHHK7
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Average Customer Review: 5.0 out of 5 stars 1 customer review
  • Amazon Bestsellers Rank: #171,664 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
click to open popover

1 customer review

5.0 out of 5 stars

Review this product

Share your thoughts with other customers

24 September 2018
Format: PaperbackVerified Purchase

Most helpful customer reviews on Amazon.com

Amazon.com: 4.6 out of 5 stars 65 reviews
Stefanie Halford
5.0 out of 5 starsRead it!. It is worth the very modest price the author is asking.
28 March 2018 - Published on Amazon.com
Format: PaperbackVerified Purchase
48 people found this helpful.
Ronald E. Parsons
5.0 out of 5 starsAn Interesting Book By One Who Claims To Know. Worth Reading.
19 August 2018 - Published on Amazon.com
Format: PaperbackVerified Purchase
26 people found this helpful.
CutiePatootie
5.0 out of 5 starsComplicated topic explained in simple words
22 August 2018 - Published on Amazon.com
Format: PaperbackVerified Purchase
19 people found this helpful.
maxine hunter
5.0 out of 5 starsThis is about how bad ideas can be seeded and spread over time
19 February 2018 - Published on Amazon.com
Format: PaperbackVerified Purchase
22 people found this helpful.