Wednesday, August 4, 2010

Today I REALLY Feel Your Pain

We now intend to update each of the five books every year, and I made the decision to start with the Big Kahuna, the Series 7. In order to see what we might be missing that the "big companies" are covering, I have to go through their practice questions and their . . . well, let's call them "books" for lack of a better name.


If you've ever felt overwhelmed and discouraged about studying for your Series 7, I now know why. What a bunch of soulless, joyless, ugly nonsense your firms are forcing you to read. It's as if the writers of the so-called "books" are convinced that their superiority to you is in direct proportion to your confusion. First, they're not superior. You will make more money selling financial services than they do writing mindless drivel about DPPs and variable-rate demand notes. Second, who the heck said that finance and investing are dull topics? Warren Buffett and Charlie Munger hold the Qwest Center overflow audience's attention for 5 or 6 hours . . . why can't these Series 7 "license exam manuals" explain how corporations raise capital without making you want to jam a hot needle in your eye socket every couple of minutes?
Oh well. No use complaining. In fact, I should send the "big guys" a big thank-you note today for guaranteeing that there will always be a market space for us, for readers who want to learn without losing their sanity. Just wanted you to know that if you find your "license exam manual" to be boring and poorly written, it's not just you.

Trust me.

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