We’re bombarded with investment advice from the radio, newspapers, books and, of course, TV. So who is right and who is wrong? There are plenty of stock-pickers ready to spew their advice, but there is such a thing as a true stock-market guru? Pam and Jack put Jim Cramer, host of CNBC’s Mad Money, to the test.
Pam and Jack also cover the phenomenon of the financial “guru” and examine how guru methods compare to betting at a racetrack. John Bogle and Ben Stein add their two cents.
Even wealthy Hollywood stars get cheated out of their money through investment schemes. This scam alert stars con artist Reed Slatkin who, for two decades, produced and directed the biggest Ponzi scheme since Charles Ponzi himself and took $600 million from rich celebrities and businessmen alike.