Double Up Profits (WEALTH BUILDING 101)

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Critical praise

Famed investor Warren Buffett stated:
“He can make you 50% return, but only if you have less then a million dollars to invest!”
The #1 bestselling book on Buffet’s own Intelligent Investor Club website.
A sixty-one straight week #1 bestseller on Amazon!
Featured on CNN and MSNBC.
Outsold both Jim Cramer and Suze Orman for over a year!
Excerpts from: http://www.cbsnews.com/stories/2011/0...
For 150 years, the floor of the New York Stock Exchange was the center of the financial world, the economic engine that helped American business raise capital and create jobs.
Today it is still the public façade of Wall Street, and a television backdrop for reporters relaying financial news. But less than 30 percent of the trading is conducted there now, and the specialists and the noise of the floor is being replaced by the speed and quiet efficiency of computers, and the action has moved elsewhere.
There are now more than 80 alternative trading systems around the country, plus two brand new electronic stock exchanges which most of you have probably never heard of: BATS and Direct Edge.
In a secret new building in New Jersey, high-speed computers decide which stocks to buy and sell. Could this kind of automated "trading floor" lead to Wall Street's next "flash crash"?
"What's the point of buying and selling a stock that you hold for three minutes?" Kroft asked.
"Same objective that all other participants have in the market, is to make money. You buy low, sell high, that's how you make money," Narang said.
"And the computer will know when to buy and when to sell?" Kroft asked.
"Sure, the computer is monitoring real-time data and it knows what to do with that data and how to make decisions based on that," Narang replied.
This computerized algorithm was based on a copyrighted book written in 2009 by this author and used without my permission. Nor was credit given by 60 minutes or CBS news.
Extra: Speed traders helping small investors?
http://www.cbsnews.com/video/watch/?i...

Larry Leibowitz, the chief operating officer of the New York Stock Exchange, is not intimidated by computerized trades. He tells Steve Kroft the computers are just as good or better on average than their human counterparts.

Read more: http://www.cbsnews.com/video/watch/?i...