Mrcauser’s Weblog

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Print money like it’s cost free and history bites you in the ass…

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Check out one of the new rich and what they have to say.(You’d think this is all new)        

I Will Teach You To Be Rich

If you think history doesn’t repeat itself, you’re nuts. In fact, 10 years ago this month, Long Term Capital Management, a huge hedge fund, nearly caused a global financial collapse. Yet here we are — with the same words being thrown around. Does anyone really think investment bankers won’t make their same salaries at some point in the future? Or that we won’t gradually move back to huge executive compensation? Still, as I pointed out last week, none of that really matters to the individual investor. What matters is picking the right strategy and sticking to it.

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Written by mrcauser

October 6, 2008 at 8:35 pm

Posted in Uncategorized

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