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When people tell you that this venerable firm or private investor invested X millions of dollars in that entity and that it is a good investment, be … - Ziad K. Abdelnour
" "When people tell you that this
venerable firm or private investor invested X millions of dollars in
that entity and that it is a good investment, be skeptical and stay open
to the option of running as far as you can in the opposite direction.
We have all seen the biggest names on Wall Street along with the
largest sovereign wealth funds on the planet make the dumbest investments
ever made. Do your due diligence; ask the right questions, and
most important, check out the character of the people involved unless
you want to end up being prey to another master of the universe à
la Bernie Madoff.
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Ziad K Abdelnour
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George Bernard Shaw once said: “Capitalism has destroyed our
belief in any effective power but that of self interest backed by force.”
When liberals make the argument that capitalism is the cause of all
of our problems, they are either speaking out of abject ignorance
or being totally disingenuous to protect their own political interests.
We have not had true free-market capitalism in this country on any
wide scale. Where we have had economic successes in this nation’s
history, it has been those times when people have done something
outside of the government’s involvement. Every single time the federal
government has been involved, it has created chaos, waste, and
corruption. The historical record is overwhelmingly one of gross
incompetence.
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