Mike Engmann has founded numerous small businesses in the investment field. He was one of the original options market-makers on the Pacific Stock Exchange in 1976. In 1978, he founded Engmann Options, Inc. as a trading organization. He founded Sage Clearing Corporation in 1980 to clear professional market-makers. Mike then created the public brokerage house Preferred Trade in 1982. And, in 2001, he took control of RevereData, a small information data provider to the securities industry.
In addition to his fully owned businesses, Mike has been an angel investor in many start-ups and fledgling companies. His experience with the problems of small businesses in regard to regulation and competition with big business has given him an insight into why small businesses are crucial to growth in America. As an expert with 40 years of experience in the investment field, he has an excellent understanding of both macro and micro economics. Understanding political policy has also been an important element of Mike's success as an investor. In addition, his experience with trading and traders has provided him with an excellent understanding of people's behavior when the reward of their activity is not tied directly to their risk involved in it.
Mike's reason for writing this book.
"The American capitalistic system is under attack by the socialistic policies of the Democratic party. If implemented, those policies will destroy our great country. I wrote this book to expose the false narrative that promotes socialism as a good alternative to capitalism.”