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Jonathan’s Daily Musing, 10/13
If an investment holds out the prospect of high returns, there must also be high risk—no matter what your brother-in-law says.
I’m reminded of the period in the early 2000s when many of my friends and clients rushed to get in on the Iraq dinar before revaluation would make everyone multi-millionaires. Buyers of the dinars practically ridiculed people who were to stupid to get in on the ‘sure thing’ once in a lifetime opportunity.
Some sources cited by AI put the losses from the debacle at one billion dollars.
Fools miss the red flags, but the greedy choose to ignore them.
Mark, did you make that one up? I’m going to steal it.
Yes, Dan, I made it up, though I had a little help from the old fool and his money saying. Steal away. It’ll sound far better in your Yankee accent than my Irish brogue 😉
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