Dan,

Your sense of outrage is commendable, but perhaps slightly uncalled for.

The old adage that 'those that can, do; those that can't, teach; those that can't teach, write books' is often all too true.

Unfortunately for teachers who can do. And there are a lot of them around too!

The fact that your friend hasn't made money isn't itself a major concern. He has learned his stuff. He has given himself real world experience. He has walked the walk.

There are lots of reasons why someone may not make money at what they do. I'd bet that there are only a small percentage of the good folks who read this board who actually bring home the bucks from theur online marketing. Yet many of them would be classed as experts.

Perhaps your friend lacks the psychological grit needed to thrive in the markets. Perhaps the economy has been against his style of trading. Perhaps he has built his portfolio with too many of the riskier investments. Perhaps there are 100 other reasons.

Does this prohibit him from passing on his knowledge? Not in my opinion. Provided he fulfills three criteria:

1. He really does know his stuff and isn't just regurgitating other expert's out-of-date material.

2. He has learned from his own failures what is is that has held him back.

3. That he does not misrepresent himself. If he claims investment success that is not true, then he is a fraudster and should be shut down immediately.

The world is full of people who make a living by teaching others knowledge that they themselves have not profited from. Give him a break. Maybe one of his students will see the lightbulb flash and make a million. Then who is successful, the teacher or the student?

Martin.


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