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07-09-2014, 04:39 PM
(This post was last modified: 07-09-2014, 05:09 PM by Temperament.)
This reminds me of Aesop's fable:-
"We hang the petty thieves and appoint the great ones to public office."
You can do nothing "much" about it.
Some more?
"Why on earth should finance be the biggest and most highly paid industry when it's just a utility, like sewage or gas? It is like a cancer that is growing to infinite size until it takes over the entire body,"
Paul Woolley
Or
"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world."
Anon.
Didn't it just happen in front of our eyes? (aka a little bit exaggeration but really not far from the truth).
Think of the recent "GFC"
And
///////
Give the man a bank and a gun and we used to get an even more startling outcome:-
"When the Lazard Brothers, the London arm of the Lazard banking empire, was brought to it's knees by a rogue trader in 1931, the miscreant made a confession and shot himself.
Friends, how many banks and rogue trader incidents since 1931?
Do you know of any?
Nick Leeson, etc....
No wonder some funds in the West don't invest in Financial Institutions.
But i did. Albeit a small amount.
"We hang the petty thieves and appoint the great ones to public office."
You can do nothing "much" about it.
Some more?
"Why on earth should finance be the biggest and most highly paid industry when it's just a utility, like sewage or gas? It is like a cancer that is growing to infinite size until it takes over the entire body,"
Paul Woolley
Or
"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world."
Anon.
Didn't it just happen in front of our eyes? (aka a little bit exaggeration but really not far from the truth).
Think of the recent "GFC"
And
///////
Give the man a bank and a gun and we used to get an even more startling outcome:-
"When the Lazard Brothers, the London arm of the Lazard banking empire, was brought to it's knees by a rogue trader in 1931, the miscreant made a confession and shot himself.
Friends, how many banks and rogue trader incidents since 1931?
Do you know of any?
Nick Leeson, etc....
No wonder some funds in the West don't invest in Financial Institutions.
But i did. Albeit a small amount.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.