What 30 Years In Finance Has Taught Me

Posted by Peter Grandich - Grandich.com

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Screen Shot 2013-10-09 at 12.58.28 AMPeter’s Book Free of Charge – Confessions of a Wall Street Whiz Kid

What 30 Years In Finance Has Taught Me

A result like this hasn’t surprised me for years because one man showed me that the stock market is not remotely close to what so many have tried to make us think it is. Heck, not even 1 out 4 so-called money managers can even match or surpass the index they’re matched up again (translation – better to buy an index fund versus any other).

As noted in my book, one man would forever change the way I look at finances. Frank Congilose taught me that 99% of all so-called advisers will fail—not because they’re dishonest but because their approached is badly flawed. And Frank is the only person I ever met among the thousands over 30 years that is both very bright and very honest. In my experience, an especially smart person usually tries to push the envelope (if not go into gray areas), and if they happen to be the minority that is totally honest, they are far from “Rocket Scientists.”

It was about 15 years ago when Frank first ruined my day by basically showing me everything I was told in the first half of my career was doomed to fail. He then proceeded to show me a process that truly offers far less risk, an opportunity for a far better lifestyle and no additional capital in order to achieve goals. That’s the good news.

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