Tuesday, April 9, 2013
What To Ask For At Christmas
I heard a news story this morning about poor children and what they ask for at Christmas time. Typically, poor children ask for blankets, toothbrushes, and gifts to be given to others. My god, if we could just teach these poor children that this really isn't the way to succeed. A blanket is not an asset, and certainly giving your gift to others is not an asset. We need to teach those children to ask for market shares, especially stocks in banks and oil futures. These are the kinds of things that allow people to prosper. Not blankets. Not toothbrushes. Seriously, after making your first million betting on banks that are "too big to fail", you'll be able to buy a couple of toothbrushes. Hell, you'll be able to have as much oral surgery as you want to pay for all the brushing you didn't do while you were waiting for your investments to make a return. But you won't be able to have a return on your investment if you ask Santa for a blanket. Jesus, what are we teaching our young and impoverished??
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