From
Wall Street DailyAnother tornado could be twirling around former governor of Alaska, Sarah Palin.
This particular storyline has nothing to do with a pregnant teen daughter or any hunting exploits, but it’s every bit as intriguing.
With nothing but peculiar timing and circumstantial evidence, though, the American public will ultimately have to decide for itself.
Palin, who served as Governor of Alaska from 2006 to 2009 and as the Republican Party nominee for Vice President in 2008, has witnessed a meteoric rise in her net worth over the last five years.
But did a secret buried inside the pages of an out-of-print book help build Palin’s fortune? And can everyday investors use this secret to get rich, too?Palin earned $125,000, annually, as the governor of Alaska.
She was reported as having a net worth in the $1 million range ahead of the 2008 Presidential election, according to financial disclosure records.
But since leaving public office in 2009, Palin’s net worth has exploded.
She’s now worth an estimated $12 million.
During that time, Palin published a bestselling book,
Going Rogue, which revealed details from her personal life and professional career.
Palin also worked as a political commentator on Fox News and had her own television show in Alaska.
But can those income sources alone entirely explain an 1,100% increase in her net worth?
Palin’s personal wealth explosion – from 2008 straight through the Financial Crisis – also happens to coincide with another fascinating storyline. That is, the unnatural price appreciation of a mysterious, out-of-print book.
Coincidence? Let’s examine.
Did Palin own a copy of this extraordinary book? Or was the unusual symmetry between Palin’s wealth explosion and the rise of the book just chance?
Some of the most respected publications on Earth, like
Forbes, BusinessWeek, and
The Economist, have praised this work. And prestigious academic institutions, like Harvard, Stanford and Yale, have even sought the author’s services.
The book is said to contain a secret to always beating the stock market.
It sold for $9.95 on the day it was originally released in 1991.
Today, less than 300 copies are known to exist, which has pushed the price of the book to upwards of $3,000.
For comparison's sake, the appraised value of John Steinbeck's 1939 classic,
The Grapes of Wrath (first edition), is $1,579.
Steinbeck's 1937 classic,
Of Mice and Men (first edition), is valued at $2,125.
These are two of the greatest literary feats in history, authored by a man who received the Nobel Prize for Literature in 1962.
So how can an out-of-print investment book be worth more than both of Steinbeck's classics?
And is it merely a coincidence that Palin’s net worth was shooting to the moon just as the books’ value was?
Although no one can say for sure, the book’s secret could help anyone who use it turn $10 into $9,259, over and over again.
The book hit shelves in 1991 with very little fanfare.
It was well received by the Wall Street community, the press and investors alike, garnering praise for its simple strategy to buy low and sell high.
The book sold a few thousand copies, and then ended up in the sales bin to make room for newer books.
Soon thereafter, the book went out of print, without a whimper. It happens all the time in the publishing industry.
But this story wasn't over.
As it turns out, the author, who's now regarded as a genius, buried a secret inside the book.
The secret unlocks the stock market's greatest riches, according to a new investigation led by the world's foremost expert on the book, Louis Basenese.
“The author made a billion dollars on the merits of the secret inside the book,” says Basenese, adding
“There’s absolutely no reason an ordinary investor couldn’t aggressively build his own fortune.”
Through good markets, the author won.
Through bad markets, he still won.
Straight through the financial crisis, the author kept winning. (His assets have tripled since 2007.)
With every win, the author quietly moved further up the
Forbes list, all thanks to the secret he hid inside the book.
"It's the most brilliant piece of non-fiction literary work over the last 100 years," says Basenese.
It's also one of the most stolen books in the world.
Only 262 libraries report having a copy. As for the few libraries lucky enough to have the book, most prohibit it from ever being checked out.
Estimates suggest that less than 300 copies of the book remain in existence. Given that the book contains a secret to turning $10 into $9,259, copies are likely to keep disappearing.
Some believe that Wall Street has been destroying copies of the book for years to help guard the secret.
Others say the author himself is destroying the books.
Today, if you can even find a copy, the appraised value is an astonishing $2,500.
When directly asked if the book played a role in Sarah Palin’s personal wealth explosion, Basenese said the following…
“Although there’s no proof that Palin used the book’s secret, you have to wonder how someone could build such immense wealth during the worst crisis in history.“Mrs. Palin is known for her zeal, which is why I wouldn’t be surprised if you found a copy proudly sitting on the former Governor’s mantel.”
