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So don't participate in the financial markets. At the moment there is a lot of money chasing very few good bets. Figure out a way to be a good bet, and rake it
by johngalt 16y ago
So don't participate in the financial markets. At the moment there is a lot of money chasing very few good bets. Figure out a way to be a good bet, and rake it in.
- benohear 16y agoIsn't there a direct contradiction between not participating and "finding a good bet and raking it in"? EDIT: Also, I'm not sure "not participating" works anymore. The last bust was not paid for by people gullible enough to buy into it, but by government debt. In the long run that means it will be paid for at least in part by inflation (which again hits people with savings).
- benohear 16y agoI just re-read your comment and realised I read "find a good bet" where you wrote "be a good bet". That's actually great advice and my previous answer makes no sense now.