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> It might be a good deal, but trying to convince someone to not consult advisors indicates to me a certain lack of ethics. As a general rule I don't think it's
by nandemo 16y ago
> It might be a good deal, but trying to convince someone to not consult advisors indicates to me a certain lack of ethics. As a general rule I don't think it's good to make deals with people you don't trust.
That's an, er, interesting rule. A big part of modern financial and legal infra-structure is designed so that we can make business with people we don't trust. If you do business only with you people you can trust then you might as well live like a hermit.
- dwwoelfel 16y agoIf by modern financial and legal infra-structure you mean things like stocks, futures, and derivatives, then I don't think I agree. The modern infrastructure insulates two parties in any transaction with brokers and exchanges. For example, if the "losing" party on an options trade can't pay up, the exchange pays for them. The exchanges and brokers set margin requirements to reduce the risk of non-payers.