According to a study in the Journal of the American Medical Association, Policosanol does nothing to lower cholesterol
> Policosanol is a well-tolerated substance derived from natural sources. Our results suggest that it is devoid of clinically relevant lipoprotein-lowering properties
Effect of Policosanol on Lipid Levels Among Patients With Hypercholesterolemia or Combined Hyperlipidemia: A Randomized Controlled Trial
Heiner K. Berthold; Susanne Unverdorben; Ralf Degenhardt; et al.
http://jama.ama-assn.org/cgi/reprint/295/19/2262
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