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Five seductive lies investors keep falling for

Some lies, “Your shoelace is untied!” for example, are told directly, man to man, for the specific gain of the liar and to the detriment of the lied to, the dupe. Others, such as “The Freemasons are poisoning the wells,” seem to spring from the communal subconscious, then spread rapidly in a climate of confusion, turning every hearer into a new teller. These are the sorts of lies I’ll be identifying today, lies for which no liar can be found, only a seemingly never-ending chain of those who, duped themselves, go on to dupe others, but with the most honest of intentions.

These self-perpetuating lies can also be broken down into two categories: those, such as the aforementioned, concerning the activities of Freemasons, spread most quickly and take root most deeply among the uninformed, unsophisticated, uneducated, and unintelligent. The ones on this list, however, are of the other kind: those that spread most quickly and take root most deeply among the informed, the sophisticated, the educated, and the intelligent.

Keep that in mind if you find, on this list of lies, something you consider a profound and unalterable truth, for I suspect nearly every reader will…

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.