How is it possible for a guy who's part of the Jewish tribe and thus has benefited from the favortism afforded to Jews by businesses run by Jews, a man who has received a good deal of media promotion for decades from his Jewish media buddies as a so-called "expert," a man who has been able to sell a load of (useless) books as a result of the promotion provided to him by his Jewish media tribesmen...how does such a man fail to land a sufficient number of subscibers to his stock market newsletter service such that he has to shut it down?
It seems impossible.
After all, it seems impossible to fail in anything related to the financial, legal, publishing or media industries if you're Jewish due to the favorable treatment Jews receive while working in these Jewish-dominated industries.
Most people would call this discrimination. I call it the "Jewish advantage."
Apparently, Jewish odd-ball James Altucher has defied the odds.
Despite being Jewish and having received decades of promotion by the media, his stock newsletter business turned out to be a big fail.
Why else would a man who previously claimed cryptocurrencies were a huge scam be pitching his own cryptocurrency newsletter service in a cheesy BS infomercial?
By now you're probably familiar with these video pitches. They're dead giveaways pointing to scams.
Before I continue, let me give you a little background on Altucher.
He's one of these guys who likes to tell you how important he is and how successful he's been (a typical tactic used by con artists in order to get you to think they're credible). But the reality paints a different picture. 
Fresh out of college in the 80s, Altucher landed a job in the media. Despite being a particularly unattractive if not weird and perhaps creepy looking individual, Altucher was given the host spot of a show on HBO...most likely because he was Jewish.
Why else would this weird looking guy who had no prior Hollywood experience or skills be given his own TV show?
While working on this show for several years, Altucher (apparently) started a company that he would later sell.
Although the most important details about this company are not known (such as where the money came from and other important information) Altucher sold it for $6 million during the height of the Internet bubble. Thus, there's a good chance the company was essentially worthless.
Within a couple of years after selling his company Altucher admitted that he lost everything from several failed business ventures.
That's when he apparently realized where the no-risk, easy money game was, so he headed back to the media to work for Jim Cramer's boiler room publication, The Street. There he pumped out the kind of bull shit Cramer's shady firm became known for.
Although he had almost no real experience and certainly no professional experience in the stock market, Altucher was able to leverage his Jewish connections and media exposure to attract outside investment capital to run a fund of hedge funds.
In case you don't know, fund of hedge funds are costly investment vehicles typically run by individuals who have connections with pension fund managers and other investment professionals who invest OPM (other people's money).
In other words, these types of funds are run by guys who have much greater connections to OPM than investment management skills of their own.
Once you realize that virtually all pension funds are run by Jewish individuals, you can imagine which fund managers are in the driver's seat to land pension investments. It's the Jewish buddy system at work. 
Here's basically how a fund of hedge funds operates. As the fund of hedge fund manager your job is to select a few hedge funds from a large pool of candidates based on specific criteria.
Investors in your fund of hedge funds receive the cumulative returns these funds generate according to the allocation of each fund within the fund of hedge fund portfolio. The net returns are determined once all fees have been subtracted.
The fund of hedge fund manager charges a fee for performing this service (selecting the funds and determining the allocation of each fund).
In addition, each fund within the fund of hedge fund portfolio charges a fee as well, so we are taking about a fee upon a fee. That's doesn't sound too good does it?
The marketing pitch is where the magic comes into play. The manager of the fund of funds spins things to make it sound like his approach represents a wonderful and low-risk way to gain exposure into otherwise risky investments.
These fund managers often claim they're able to get fees from certain funds reduced and many other incentives so as to create the perception of value.
Incidentally, the marketing pitch typically used by fund of hedge funds resembles that which was used to attract investors into Bernie Madoff's Ponzi scheme.
If the hedge funds you select to include into your fund of hedge funds portfolio perform well, as the manager of the fund of hedge fund portfolio you'll be viewed as a "brilliant" by your investors.
But if the funds you've selected don't perform well, you can always blame the individual fund managers and promise better returns in the future once you select replacements for the underperforming funds.
The reality is that fund of hedge fund managers are essentially useless parasites who lack the ability to manage a fund on their own so they collect fees on capital they've raised while on selling investors the premise that a fund of hedge fund strategy is a great way to invest.
Hence, running a fund of hedge funds is a wonderful way to earn management fees in exchange for doing very little other than sales and marketing. Needless to say, most fund of funds are a huge rip off due to the fees alone.
If you plan to invest in a fund of hedge funds you may as well invest in managed futures while you're at it. If you fail to understand the meaning of that sarcasm, you should look into managed futures. I've previously exposed managed futures as a scam.
Altucher's fund didn't last long and was closed after only a couple of years probably due to poor performance.
Evidently, as a failed fund manager Altucher did not have many options remaining so he (reportedly) started working on a financial website. By 2007, one year after he started the site, he was able to sell this website to Cramer's The Street for $10 million. That sounds pretty damn fishy to me.
I remember thinking to myself at the time that this was more than mysterious because the website called StockPickr was fairly useless.
You see, I was keeping my eye on Altucher somewhat even back then because even fifteen years ago he displayed some very obvious chartacteristics of charlatans.
Since that time Altucher has been selling stupid books while trying to run an investment newsletter service.
Given that he's received a good deal of media exposure for nearly two decades, it's difficult to understand how he hasn't been able to grow his business into a huge venture.
The last time I ran across Altucher he was pitching his latest newsletter service.
This is the basic pitch he used. Because he had been a hedge fund manager, he knew several other fund managers. He claimed his hedge fund buddies were willing to let him in on their "best" investment ideas.
So as a subscriber to Altucher's newsletter you would be able to piggy back off of stock picks that his hedge fund manager buddies were buying.
That sounds like a great and easy way to make money, right?
Only if you're naive and clueless about how the stock market works!
Always remember that anyone who markets an investment service or publication as a slam dunk way to make huge gains and/or an easy way to make money is a scam artist. These guys are constantly sending out daily emails with similar scams. You probably know who many of them are.
At this point it should come as no surprise to you that Altucher teamed up with Casey Research and Agora Financial to promote his newsletters. That fact alone points to the verdict.
Despite having access to his hedge fund buddies' "best stock picks" Altucher's newsletter service didn't cut the mustard.
What few people realize is that real hedge fund managers (that is fund managers who are actually managing funds instead of trying to pump their trades to the sheep via the media) do not want to disclose their investments to the public. Hence, I have to imagine that the stock picks Altucher received weren't the best ideas his buddies had.
But even if they were the best picks from his buddies, the information is public so it won't help retail investors.
The entire pitch used by Altucher to market his investment newsletter was flawed and deceptive on so many levels that I consider it a marketing scam.
Regardless of the reason why Altucher is no longer pitching his stock newsletter, the important thing to focus on is that he's now promoting cryptocurrency newsletters.
As a part of his marketing pitch, he claims to provide subscribers with all kinds of "secrets."
Whenever you hear of someone marketing "secrets" you should run for the hills because it's always a scam.
Keep in mind that Altucher previously called cryptocurrencies a scam and Ponzi scheme.
It looks like Altucher doesn't mind getting into scams so long as there's money to be made selling digital "picks and shovels" to suckers who are betting it all on the cryptocurrency "gold rush."
This article continues.
To continue viewing this entry please sign in to your Client or Member account.
Restrictions Against Reproduction: No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the copyright owner and the Publisher.
These articles and commentaries cannot be reposted or used in any publications for which there is any revenue generated directly or indirectly. These articles cannot be used to enhance the viewer appeal of any website, including any ad revenue on the website, other than those sites for which specific written permission has been granted. Any such violations are unlawful and violators will be prosecuted in accordance with these laws.
Article 19 of the United Nations' Universal Declaration of Human Rights: Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.
This publication (written, audio and video) represents the commentary and/or criticisms from Mike Stathis or other individuals affiliated with Mike Stathis or AVA Investment Analytics (referred to hereafter as the “author”). Therefore, the commentary and/or criticisms only serve as an opinion and therefore should not be taken to be factual representations, regardless of what might be stated in these commentaries/criticisms. There is always a possibility that the author has made one or more unintentional errors, misspoke, misinterpreted information, and/or excluded information which might have altered the commentary and/or criticisms. Hence, you are advised to conduct your own independent investigations so that you can form your own conclusions. We encourage the public to contact us if we have made any errors in statements or assumptions. We also encourage the public to contact us if we have left out relevant information which might alter our conclusions. We cannot promise a response, but we will consider all valid information.
