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I didn't suggest that easy money was the single driver, or even the primary driver. But the financial system rarely rewards those who choose to be ignorant. In
by 7Figures2Commas 13y ago
I didn't suggest that easy money was the single driver, or even the primary driver.
But the financial system rarely rewards those who choose to be ignorant. Individuals and institutions investing large sums of money in any asset class today who are not thinking about the unprecedented experiment that is taking place and considering how their investments could be affected by changes in policy are more than likely to end up losing money, perhaps far more of it than they ever could have anticipated. And in some cases, far more of it than they actually have.
- dualogy 13y ago> But the financial system rarely rewards those who choose to be ignorant How sure are you about this?.. ;)
- 7Figures2Commas 13y agoQuite. You'll find relatively few accidental millionaires and billionaires in the financial markets. And the markets are very efficient at taking back gains from the small number of wilfully ignorant fools who get lucky.