Learning from the Masters
Today and Tomorrow

Unless you read and study, re-read and study, on a more or less continuous basis, you will never become a really successful investor. You must learn to "follow the masters." 

Every day the world changes. The masters change with it. The crowd is five years (or more) behind. I have suggested just three that should be constantly followed, Russell, Maybury and Rogers (details in Lesson 3). I listen to, study, meditate on and cling to every word they speak or write. Not only that, I work almost as diligently shutting out nearly all other voices as I do listening to these three, otherwise I get confused.

At the moment, a one year's subscription to Maybury is $159, and to Russell $250 (soon to increase to $300). In my opinion, the $459 investment will be the best investment you'll ever make.

Russell is nearly 84, so I don't know how much longer he'll be helping us, but he's never been better. You get a letter on his web site five days a week. Over a year's time you will learn much. All he does is study and write every day.

Maybury is 65 and at his prime as far as I can tell. You only have to read 80 small pages per year. (Early Warning Report). All of his back issues are on a single, searchable, CD, which sells for between $400 and $500. It is the most incredible course on how the world works (economically) that I have ever seen. Those who have followed him the past 10 or more years are swimming in profits. And every investment is documented in the CD.

Rogers is 65, also at his prime as far as I can tell. Like Maybury and Russell, he is a "loner," meaning not affiliated with any financial firm, or publishing firm. This is huge!! He is a rare person who apparently loves to share what he is doing with the "average person," or "small investor." He gives interviews (radio, TV, internet) almost every week. Search Google for them. I record them, and transcribe them, then put them in my Rogers binder, reading them over and over (along with his books). I know of no other way of transferring his investment wisdom into my brain.

I would be very surprised if even one in a hundred mutual funds has out performed PPF over the last 35 years. Thousands went out of business in the late 1960s and early 1970s, their losses dropping out of the record books, never again referred to, just like dropping a poorly performing stock or stocks out of the Dow Jones averages, or S & P average. You probably wouldn't believe how many times it has occurred. Over time, these averages lose much of their meaning. They are manipulated.

Are there any younger "masters" in the making? Undoubtedly. I have suggested several candidates in Lesson 3, but I don't know which will make it. And I start with a huge prejudice against those connected with major financial institutions or publishing companies. In my mind the potential "conflict of interest" is a major negative. I may not live to see which ones become "masters." Come to think of it, I may not live much longer to answer questions and offer counsel.