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I went to a seminar a lot of years back. The grifter on stage was hawking a product on how to invest in venture capital or something. The pitch was "got no mone
by abustamam 1y ago
I went to a seminar a lot of years back. The grifter on stage was hawking a product on how to invest in venture capital or something. The pitch was "got no money? Use other people's money! Pay $300 to learn how"
I don't know how true it is, as I am not about to take this grifters sales pitch at face value, but given that the grifter exhibited a lot of traits that I see in some of these rich investor people, I suspect that some investors actually use other people's money to invest, in some way that my plebe mind just cannot fathom.
- rsynnott 1y agoThat’s what VC firms generally do.
- abustamam 1y agoThe funny/sad thing is that the house always wins. Even if an investment deal goes south, _someone_ still comes up ahead, somehow. Again, something my plebe brain can't grok.
- whstl 1y ago> "got no money? Use other people's money! Pay $300 to learn how" Commendable that a grifter is actually following their own advice!
- abustamam 1y agoHaha! I once heard a saying that went, "the only way to get rich quick is to sell ways to get rich quick." This was when I was deep in MLM land, which fortunately I have exited. But it seems like some VCs and grifters have the same mindset.