MarketWatch: 8 reasons Wall Street loses another 20% in this decade

March 2, 2010, 12:01 a.m. EST ·

8 reasons Wall Street loses another 20% in this decade
Commentary: Warning, you can't get back to even, cannot win Wall Street's 'Loser's Game'

By Paul B. Farrell, MarketWatch


ARROYO GRANDE, Calif. (MarketWatch) -- Remember Charlie Ellis' famous 1975 classic: "Winning the Loser's Game: Timeless Strategies for Successful Investing?" Like Napoleon Hill's "Think & Grow Rich" everyone on Wall Street has read it.

Well, guess what: Charlie failed us the past decade. Wall Street lost trillions, lost 11% of your money. Adjusted for inflation, Wall Street lost 20% of your money. Warning: Wall Street will do it again by 2020.

First, let's review Ellis' famous 10 strategies for winning at Wall Street's casino: "Never speculate. Your home's not a stock or piggy bank. Save more money. Your broker's not your friend. Never trade commodities. Don't chase hot stocks. Bonds also ride up and down. Don't invest for tax benefits. Write goals and stick to them. Never trust your emotions."

You probably knew them by heart. What happened? This insider gave you 10 rules for beating the Wall Street casinos ... and still you lost 20%. ...........(more)

The complete piece is at: http://www.marketwatch.com/story/wall-street-is-stealing-another-20-from-you-2010-03-02