Ph.D. = Pretty horrible Disaster

Today's article continues from yesterday's and is the fifth/final of the series started September 11, 2006 entitled "Back To School".

RICH & HAPPY
Super-author Robert Kiyosaki is a some-time trader and full-time financial guru. He’s best known for his book “Rich Dad, Poor Dad”. One of his many books is entitled “If You Want To Be Rich & Happy, Don't Go To School.” That is an overstatement as shown by the examples in this week's series of articles where Warren Buffet did “go to school”.

Based on the examples in this week's series of articles, you cannot validly conclude that school is totally useless for success in trading. The only valid conclusion the examples support is that in the trading industry Ph.D. means “Pretty horrible Disaster”. Alternatives are “Poor-house Destined” and “Plainly hazardous Daytrader”. However, the foregoing does not go so far as to suggest that MBA means “Money-less Bankrupt Analyst” or “Money-losing Business Analyst” or even that school is totally useless for success in trading.

I hope I don’t get any Pugnaciously humorless Diatribes by email about this article. Instead, readers are invited to email me Many Beneficial Anecdotes about educational courses that have helped them become better traders.

We'll chat again Monday ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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