Happy that the prowar Christian crowd considers this book conservative. I don’t think it really is. I think it is a libertarian book. But thanks to the editor for letting it fly under whatever colors.

Update: In the original piece, I had done a vanishing act. Since being a non person does not sit well with me and my contribution to the book was substantial and copyrighted, I took respectful umbrage, because, while I object to being vanished, I understand also that web editors are gods within their realm. And while remaining agnostic, I always defer to gods.
I wrote to the powers that be and they told me it was an oversight and graciously gave me credit. Thanks to them.

Umbrage of a respectful sort seems to be a useful piece of equipment. I will pack some more.

Conservative Club Book Review

Mobs Messiahs and Markets –

A man on the way to see his stock broker drops his wife off at the grocery store. At the store, she sees that tuna fish is on sale that week, and buys some. The same day, her husband buys a stock that his broker recommends. The next week, he drops his wife at the grocery store again, where she notices that tuna fish is twice as expensive as it was last week. So she decides to buy chicken instead. At just the same time, at the stock broker’s, the man discovers that the stock he bought last week has also doubled in price because “everyone’s buying it.” He congratulates himself on his gains and his stock-picking savvy, and buys more of the same stock.

Continue the review below…

	If Democrats Had Any Brains, They’d Be Republicans by Ann Coulter
	In Praise of Prejudice by Theodore Dalrymple
	The Politically Incorrect Guide to the Bible by Robert J. Hutchinson
	Godless: The Church of Liberalism by Ann Coulter
	A Jealous God by Pamela R. Winnick

(continued from above)
What’s wrong with this picture?

William Bonner, author of the new contrarian investing guide, Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics, argues that too many twenty-first-century investor are victim of the same mob psychology that drove the Salem witch trials and continues to turn otherwise rational human beings into Che Guevara fans. People who make perfectly intelligent decisions within their own areas of expertise and responsibility fall prey to dangerous groupthink when it comes to investing. They know how to acquire tuna fish and chicken at reasonable prices, but they make fools of themselves as soon as they start buying stocks and bonds.

Bonner is president and CEO of Agora, Inc., one of the largest financial newsletter companies in the world. He knows what motivates people to invest in the stock market — and why they lose their shirts. And Bonner is now warning that Alan Greenspan’s two-decade easy-money regime has created “The Mother of the Mother of All Bubbles.” “Mr. Greenspan,” Bonner says, “blew up the Grand Coolee Dam and sent a wall of cash and credit flooding the world like a rogue wave.”

If Bonner is right, the subprime mortgage debacle is just the tip of the iceberg. Investors had better rethink their investment strategies — and fast. Bonner offers practical tips on “how not to be chumped by Wall Street,” beginning with his instructions for “steering clear of the mob.” Not a bad place to start, if you want to put your investments on a solid foundation.