The Classic Scam of Stock Picking

"I've built up a pretty thick skin about those kinds of predictions," he says. "You see variations of it out in many, many, many conditions and there are people who are famous for their bearish predictions" The classic scam of stock picking is to pick stocks with the intention of getting them to go down or up by writing letters to 10,000 people that say they're going to do either way. But every single time you get one right on your first try, someone else gets left behind because no one else could have done it.