4 ms·
It's like when I applied for a mortgage back in 2007 and the mortgage people told me incredibly silly things, like, "take a balloon mortgage and get a bigger ho
by ewindisch 10y ago
It's like when I applied for a mortgage back in 2007 and the mortgage people told me incredibly silly things, like, "take a balloon mortgage and get a bigger house, real estate always goes up!". Real estate was considered too big to fail and too certain to go wrong.
I was smart enough to realize how stupid that was. Just not savvy enough to draw the line to seeing that I should short the market...