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But an MBA who's a millionaire is competent to do any amount of private-investing? And an MBA who's not a millionaire isn't competent to do any private investi
by gojomo 6y ago
But an MBA who's a millionaire is competent to do any amount of private-investing?
And an MBA who's not a millionaire isn't competent to do any private investing, even with just a small amount of their own money?
Why should their net-worth be legally dispositive?
- tick_tock_tick 6y agoThe millionaire can fuck up a few times and still be fine that's the real difference.
- gojomo 6y agoOnly if they're wise enough to leave themself that wiggle room. It's a binary test, the 'accredited' can risk any amount. So why not let anyone take a proportionate risk?