Viewing entries tagged with 'investor'
Posted by Fenix Skai on 26 September 2012
We all know the old saying, "Give a man a fish and you'll feed him for the day, teach a man to fish and you'll feed him for life." There is much wisdom in this teaching, as it is as old as time itself. Yet, though there is some truth to this saying, it's not "the" truth. It's obvious that the man being handed the fish is at an extreme disadvantage and probably living below his potential.
However, I want to focus more on the man that's been taught to fish. We have always been told that he is the wise one. Now that he has learned to fish for himself, he no longer is dependant on anyone to give him anything. He can go out and earn a living comparable to his skill set. He can write his own check...or can he? The truth is that the one taught to fish does not have much more of an advantage over the one given a fish.
Posted by Patrick Edwards on 26 July 2012
These days, everywhere I turn, I hear about a new investment scam. One day, Bernie Madoff, a prominent investment manager, pleads guilty to 11 federal crimes and admits to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars.
The next day I hear about Allen Stanford, a prominent financier, philanthropist, and sponsor of professional sports, who on on February 17, 2009, was charged by the U.S. Securities and Exchange Commission ("SEC") with fraud and multiple violations of U.S. securities laws for alleged "massive ongoing fraud" involving $8 billion in certificates of deposits.
