As reproduced from an overheard conversation at a conference:
“Have you ever heard that there exist two very different financial worlds? There is this half-german guy who hasn’t got a clue how to market himself but his finance articles and books are top-notch. His german readers write feedback like “razor-sharp logic and reasoning”, “simply brilliant”, “never read anything comparable”, “ingenious work”, “to re-read your book has become an addiction of mine”, etc. And academic elite say “flawless”, “everything makes sense, everything is understandable”, “decades ahead of mainstream”, etc.
Apparently he’s a descendant of the old money but he’s highly qualified too. He has taken the secrets of the financially competent class how to build wealth, and incorporated modern scientific insight and the characteristics of modern economies and financial markets. The result is that he came up with a plausible documentation and explanation of the existence of two distinct investment approaches. Basically, all the people who don’t yet have wealth should apply asset accretion, as he calls it. However, not knowing the differences, these people wrongly apply asset management too. That’s why they haven’t reached their financial goals.
“Investment” is of course just the money you don’t spend immediately. Hence, in fact he has shown how to put aside any savings most effectively. Indeed, so effectively that he shows that people who do this are financially free within just 20 years. Based on all historical evidence he says. Including all wars, all natural catastrophes, all human terror acts, and all economic melt-downs. I mean, if people really did this “asset accretion” thing then we had the biggest redistribution of wealth ever. The perfect social policy too. His teachings have the potential to re-define financial education and to reduce social conflicts, crime and poverty large-scale.
You may wonder if this is why Germany became the 4th richest nation in the world. But no, hardly anyone has read his stuff yet! The few Germans who luckily found his website apparently kept these secrets to themselves. What would you have thought? It seems only a few thousand people have read his output over the past decade because neither he nor his house publisher have done any clever marketing whatsoever. Crazy, isn’t it?”
Uncommented.
DBMG Bennett is Qualified Private Banker, MBA, MSc Economics, and Qualified Accountant IFRS.
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