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The author distinguishes between producer radicalism and vigilantism. The former category is much concerned with economic issues from unfair land laws and practices, distant and unresponsive legislatures, burdensome taxation, judicial favoring of creditors, and monopolistic businesses, especially railroads. The Populists of the late 1800s are the prime example of producer radicals. Vigilantism shares some of these same concerns, but is slanted towards external forces or people who are seen to be a threat to a closed way of life. In some cases, as in pre-revolutionary North Carolina, vigilantes have operated against criminal elements in the absence of effective law enforcement but have been far more likely to identify and inflict harm on scapegoats along racial, ethnic, religious, and political lines. The KKK is perhaps the foremost example of a vigilante group.
The author trys to convince that producer radicalism and vigilantism are two sides of the same coin. This reviewer does not find that the case is made. The Populists had legitimate complaints and found responsible ways of expressing them. They did not hate the federal government, even advocating for the nationalization of some industries. Some of their platform was adopted during the Progressive Era. Vigilantes in lieu of operating from any careful analysis of their situation seem to cling to wild conspiracy theories usually involving the federal government and then proceed to select vulnerable victims to assuage their frustrations. These are not the virtuous citizens of producer radicalism.
The book is a very good survey of the various rural radical groups through our nation's history. While I do not agree with a central tenet of the book, maybe others would. In any event the book is quite worthwhile.
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I also liked this book, because it taught me something that I never knew before, and I think that it is a really cool thing. I would recommend this book for children ages 3-8. This was a wondeful book, and I hope that many people can enjoy it.
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Potential readers will be-according to CNBC's plan of tyrannizing her "looks" over substance on unsuspectingly naive people-duped into parting with their cash on this sup-par accident because Bartiromo looks doubtfully "hot", as, and this is unfortunate, she's apparently seen to an alarmingly severe demographic of lost souls who watch CNBC. For an author's credibility, it's miserable when your only grudging claim to legitimacy are pressured sales which stem from mislead wrongdoers feeling tragically and insidiously "in love" with her. She's not qualified, even if you don't repugnantly easily examine the painfully appalling holes in reasoning in her "book".
This can be proven by checking her credentials to find that, shockingly and shabbily, her majored subject in university was ONLY JOURNALISM. With those brittle "qualifications", it appears that CNBC's standards are so lowered that they'll defraud for a base journalist to already be able to cover a specific area of expertise, which, as per her credentials, she is NOT educated in. In the interest of "fair disclosure" (a mantra CNBC's been wearing down since the Enron and WCOM scandals broke, in a hardened bid to distance themselves from the liability of hatefully pushing those companies before the scandals were unmasked) Bartiromo did MINOR in economics. She doesn't hold an esteemed degree of any kind, be it BD, MBA, MD or PHD, to justify her inexcusably limited exposure to business education. If you investigate the suspect activities she's involved in outside of her PR crusade on CNBC, you can gather for yourself that her "career", unfortunately like most positions in the white-collar world, is furthered along by hypocritically [associating with] co-workers and people in higher hierarchy to connive with them. This is proven by her objectionably virulent presence in all things from presenting the Columbus Day Parade for the past five years to misconducting "Principal of the Day" stints at NYC schools, shirking her job. For annoyingly more incrimination, before coming to CNBC, she unworthily worked as a PRODUCER at CNN's business news!!!!
Now the reprehensibly lightweight "content". It's [wrong] for this to be marketed by Bartiromo's antagonism as a guide to how people can sift through financial information to have the best sense of how a stock will perform. Recalling CNBC's feloniously eroding viewership by 50% from early 2000's monstrous "irrational exuberance" fanaticism, ruthless shortcomings in predicting this 3-year BEAR market's end, and heavy bias in forging fake bear trap rallies as being an actual bottom and always procuring prejudicially bullish fund managers and analysts to misdirect viewers on their programs, that falsehood from Bartiromo amounts to shameless blasphemy. The ensuing catastrophically contraband "advice" is so humiliatingly basic that A) you don't need training to implement it, or, B) you already know it!!!! One needs at least a fundamental initiation to performance history, forward looking statements, quarterly updates, seasonal patterns of strength and weakness, company research and TA to just start to have an understanding of taking stock. It's bloody desecration for Bartiromo to profane that understanding the market simply takes "doing your homework"!!!! Analysis is unrelentingly freely available on certain investment-related websites, and the plot of selling different Web sites contained in this book as "information", is so condemnably laughable that anyone with the minutest exposure to the internet could find them.
Another shrewd equivocation is the sensationalistic claim that Bartiromo "analyzes" what the relevant information is to separate the "noise from the investment nuggets". On-air, Bartiromo's questions to CEOs, analysts and managers are so disorganized, superficially bypassing and evilest of all, always manipulated in a definitively bullish-partisan direction, that there's no plausibility she can impersonate this. The braindead inessentials that are disguised as "information" are so amateurishly bottom-feeding, they're the equivalent to basic common sense, like not believing all you hear on TV, and doing your own research. DUH, Bartiromo!!!!
Another disquieting aspect is who she "talks to" to procure her "advice"----all the worst self-interested and unjustly one-sided stigmas in modern trading, namely CEOs, analysts....and then money managers to appallingly complete this list of the meanest in a rogue's gallery. Because these unprincipled job titles have a resentful self-interest in longing stocks, the "advice" will be unquestionably skewed into an unethically bullish exaggeration by ALL those operatives, since CEOs will be fired for not increasing their company's stock price, analysts are in cahoots with CEOs due to the perks bribed by CEOs and money managers are extorted to only hold stock in one direction, always buying, because of the suffocative way funds are established, mostly outlawing selling. This is an impropriety also with reporters of markets---as CNBC itself is culpably implicated in having a hostile self-interest for unreasonably extremist bullishness. They relentlessly dictate false bullish bias, due to their employees benefiting from manipulating the impression of the market's course in this way, from viewership increasing (good for their pay) to their own stock options from G.E. increasing (good since the majority of their funds are oppressed to long markets).
This book is so contaminated with exclusively the most prejudiced, and harshly planned in that direction, radical buy-everything sickness---an unforgivable sin in a 3-year bear run---that it reflects on the self-interested rogue's gallery that were "interviewed". As for Bartiromo's only other, single, questionably redemptive quality---her "looks"---I detest to find her pretty in any way.
Ms. Bartiromo is an almost ever-present television reporter who is most often seen from the floor of the New York Stock Exchange on CNBC. She is aided in this book by Catherine Fredman who helped with Direct from Dell and Only the Paranoid Survive.
As the authors point out, there is no college course on how to use information to make investing decisions. Prior to this book, your best sources were the books by Mr. O'Neil about how to use the information in Investors' Business Daily as part of an investing program. Like those books, this one is also aimed at the individual investor who is making buy and sell decisions about individual stocks. The book is best at helping you assess the possible relevance and credibility of the information that an individual investor can readily access. The book's scope stops short of connecting those judgments into a stock picking or selling discipline.
The best part of the book is the commentary about how to interpret what newsmakers and analysts have to say. Much of this information is presented without such comments in newspapers and on television. If the CEO doesn't answer the question, for example, you should assume there's a problem other than with her or his hearing. There's a good explanation of why sell-side analysts don't put out "sell" recommendations.
The book is well written with clear examples, and has many good suggestions. One of the best is to develop an investment calendar to help you keep track of important events concerning the stocks you own or are considering.
The key focus of the book is on how to tell what to pay attention to, and what to ignore. "You're looking for any important news that changes the sotry, any red flags that signal a shift in fundamentals." The problem that many people have is that "it's all too easy to fall in love with a stock." You should "be suspicious." Once you have the information, "step back and think." "I bounce it off my common sense." The analogy is used to making the kind of buying decisions you do in other parts of your life (for cars and so forth).
For those who are curious about Ms. Bartiromo's on-air work, there is a lot of information about how she develops her stories. Her favorite question to start with is, "What's happening?"
The book has some weak points. First, it could have used a section or subsections that related the material more specifically to those who just own mutual funds. Second, the book almost totally ignores valuation issues about stocks (that would have been helpful when the NASDAQ was at 5000 before falling under 2000 during 2000-2001). Third, technical indicators should get more attention.
After you finish this book, you should ask yourself whether or not you are a good candidate to buy and own individual stocks. Only about 10 percent of the professionals can beat the market averages. Other than for the challenge, do you want to take the risk that you can? You have the choice of buying indexed mutual funds that will match the markets. See Common Sense on Mutual Funds for more details.
What's happening?
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Stock wrote the text in a happy and upbeat fashion that compliments the mood of the characters. Stock¡¯s vibrant illustrations of Gugu and Kukamba¡¯s artwork as well as those of the lush vegetation coincide with the liveliness of the story. Children and adults of all ages will enjoy reading and learning from this entertaining book.
Stock, Catherine. Gugu¡¯s House. New York: Clarion Books, 2001.