4 ms·
> Otherwise I find it hard to limit my cynicism when enormous amounts of money are involved. You should always be cynical when large amounts of money are invol
by MR4D 5y ago
> Otherwise I find it hard to limit my cynicism when enormous amounts of money are involved.
You should always be cynical when large amounts of money are involved. It helps you avoid large losses.
Side note - one of the best questions to ask in any deal is “how are you making money on this”. If the other party doesn’t tell you, then they probably know something that they don’t want you to know. If you doesn’t get a straight answer, walk away [0].
[0] - I work in finance and never do business with someone who is not transparent about this. Been doing it a long time and it serves me well. I learned it from an old hand, and cringes the first few times he asked it. Then, I got the nerve to ask why he asked such a cringeworthy question. Glad I did!