2 ms·
If you're smart enough to pass the competency test, why can't you just make a million dollars in ten years? Essentially, the minimum net worth requirement for a
by pdog 9y ago
If you're smart enough to pass the competency test, why can't you just make a million dollars in ten years? Essentially, the minimum net worth requirement for accredited investors already serves as a de facto test.
- aqme28 9y agoIt's crazy to me that you're conflating income with intelligence. There are a lot of stupid ways to get rich and a lot of really intelligence-demanding careers that don't pay well at all.
- Swizec 9y agoI think the point is a far more cynical one. If your goal is to make money, why are you not making money? Either it's not your goal (and you shouldn't be an investor) or you're too dumb to be successful at it (and you shouldn't be an investor). It's a litmus test not an intelligence test.