Looks like a cat fight is breaking out between trend following author Michael Covel and the Jim Cramer fanboys at TheStreet.com.
I've read Covel's book, The Complete Turtle Trader, and I've read the book review authored by Marek Fuchs, and it appears that Fuchs never read the book before writing his review. At best, he seems to have read the dust jacket.
Now, I once successfully faked a two-page book report in grade school by reading a book's dust jacket and then regurgitating it in my own words (got an A too!), but Fuchs needs to understand he is operating in the Web 2.0 world where faking it doesn't work quite so well, just ask Dan Rather and Pvt. Beauchamp.
If TheStreet.com had any credibility, they would put a huge disclaimer at the top of the page letting everyone know that Fuchs doesn't know what he's talking about because he didn't read the freakin' book.
Oh and they should refuse to pay him for the piece, too.
Saturday, October 27, 2007
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