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True. And to clarify my comment, it is also a _slow_ way of growing in many cases. I've just seen so many people willing to burn through other peoples' money
by jwecker 20y ago
True. And to clarify my comment, it is also a _slow_ way of growing in many cases. I've just seen so many people willing to burn through other peoples' money without a thought that the idea often appeals to me.
The real principle here is the golden rule of spending money- no matter what the source is: put yourself in the investor's shoes (even if there isn't one). Pretend it's your $10,000 or $5mil and you're investing in a company that you have little control over- would you be pleased with how it is spent?