that was beautifully said. if you can't understand what somebody is telling you it's because they (don't want) you to understand it. i talked to a stock broker once for fun and he was trying to complicate the concept of diversification... and i was like dude, you obviously don't have my interests becasue i'm going to specialize and put all my eggs into 1 or 2 baskets that i've studied. it's amazing the only way to get rich is to respect literally every penny, and the penny will respect you.
Fannie Mae is a shell of its former self as well. He bought a ton of it back in 1989, but I'm sure he got out once the mortgage backed security became popular. That's a horrendous idea when you think of it in hindsight.
that was beautifully said. if you can't understand what somebody is telling you it's because they (don't want) you to understand it. i talked to a stock broker once for fun and he was trying to complicate the concept of diversification... and i was like dude, you obviously don't have my interests becasue i'm going to specialize and put all my eggs into 1 or 2 baskets that i've studied. it's amazing the only way to get rich is to respect literally every penny, and the penny will respect you.
jackdentreprenuer 1 year ago
Fannie Mae is a shell of its former self as well. He bought a ton of it back in 1989, but I'm sure he got out once the mortgage backed security became popular. That's a horrendous idea when you think of it in hindsight.
jhalas20 2 years ago
Haha, there is no more Wachovia.
Matier2064 3 years ago
Legend.
MrFrankBullitt 3 years ago