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If you're an accredited or institutional investor, then you have only yourself to blame (unless the investment was misrepresented, in which case it should be th

by blunte 8y ago

If you're an accredited or institutional investor, then you have only yourself to blame (unless the investment was misrepresented, in which case it should be the one who sold/brokered the investment). In this case, the investor was foolish to believe that a magic AI system could generate reliable positive returns. At the same time, it sounds like the performance of the system was misrepresented. Either way, if you're responsible for 1bn of assets, you better do really good homework.

username444 8y ago
This. Investing is not a guaranteed return system. You might win, or you might lose all your money. At the end of the day, the only person who is responsible for it is you. Don't want to lose your money? Don't invest.
- twblalock 8y ago
  > At the end of the day, the only person who is responsible for it is you. There are rules about fraud and fiduciary duty and disclosure which make blanket statements like this incorrect.
  - deleted 8y ago
    [deleted]
  - blunte 8y ago
    I think the point is, an experienced investor should be able to either see through a fraud or at least do proper due diligence before investing a large sum. Plus, institutions often make a small initial test investment. If the performance is as expected, risk considered, then they may make the big investment. A retail investor can't be expected to properly research claims, but a professional should be.
- paulddraper 8y ago
  > At the end of the day, the only person who is responsible for it is you. Sigh. Unless you're too big to fail in 2008.
  - blunte 8y ago
    One does seem to get a pass from (possibly multiple) financial failures. In fact, one very high profile American with a history of bankruptcies comes to mind...
    - anonnyj 8y ago
      Most businesses fail. Why get down on someone for trying often enough to strike on things that work?
    - paulddraper 8y ago
      > one very high profile American Trump has not declared bankruptcy. He has been owner or part-owner of hundreds of companies and a handful have declared bankruptcy. As terrible (or not) as that is, there's a stark difference between availing yourself of long-standing bankruptcy law and the just-for-you shenanigans pulled by the federal government in 2008.

by blunte 8y ago

username444 8y ago

This. Investing is not a guaranteed return system. You might win, or you might lose all your money. At the end of the day, the only person who is responsible for it is you. Don't want to lose your money? Don't invest.

twblalock 8y ago
> At the end of the day, the only person who is responsible for it is you. There are rules about fraud and fiduciary duty and disclosure which make blanket statements like this incorrect.
- deleted 8y ago
  [deleted]
- blunte 8y ago
  I think the point is, an experienced investor should be able to either see through a fraud or at least do proper due diligence before investing a large sum. Plus, institutions often make a small initial test investment. If the performance is as expected, risk considered, then they may make the big investment. A retail investor can't be expected to properly research claims, but a professional should be.
paulddraper 8y ago
> At the end of the day, the only person who is responsible for it is you. Sigh. Unless you're too big to fail in 2008.
- blunte 8y ago
  One does seem to get a pass from (possibly multiple) financial failures. In fact, one very high profile American with a history of bankruptcies comes to mind...
  - anonnyj 8y ago
    Most businesses fail. Why get down on someone for trying often enough to strike on things that work?
  - paulddraper 8y ago
    > one very high profile American Trump has not declared bankruptcy. He has been owner or part-owner of hundreds of companies and a handful have declared bankruptcy. As terrible (or not) as that is, there's a stark difference between availing yourself of long-standing bankruptcy law and the just-for-you shenanigans pulled by the federal government in 2008.