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Foolish Special[ April 10, 19997 ]Press ClippingsFool's GoldTHE Motley Fool, a sort of cybernetic investment club originating in the US, has arrived in Britain. This is "an online investment site designed to take the mystique out of share dealing and empower private investors". It is, as suits our computer games age, I suppose, bright, snappy and superficial: "It's here, it's stunning, it's earth-shattering." It lambasts "conventional Wisdom" as typified by all those dull City fund managers. (They are known as the Wise; our online investors are the Fools). Instead, why not invest in an index-tracking unit trust? How do you beat the performance of the FTSE 30-share index? Simple, you punt on the five shares with the highest yield. If only it were that easy. There does seem to be a genuine attempt to demystify. But a Fool and his money. Copyright 1997 The Times Newspapers Limited. Link to The Times
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