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Abolishing Risk Destroys America and Your Wealth
Our willingness to engage in risks drives our prosperity. We urgently need a public debate on risk, one driven by reason, not emotion. Without risk, individuals are bound to lose the purchasing power of their savings; corporations that don’t take risk will fade into oblivion; and governments that regulate away risks destroy the growth engine of their nation.
The U.S. is the most prosperous nation because it has embraced risk taking. Silicon Valley has created some of the greatest innovation because it has been a magnet for entrepreneurs. When we evaluate our love-hate relationship with investment banks, let’s not forget…
26Oct2009 | Merk Investments | 0 comments | ContinuedRisk Control: More Important Than Ever
“Andrew, is oil going up or down now? Should I sell my oil ETF?”
“I don’t know. How much were you looking to make and what’s your time frame?”
“I was looking for a 10% pop over the next few days and I’m down 18% now. Wait let me pull up a…now I’m down 19%.”
“So…you were willing to risk 19% or more to make 10%?”
“Uhhh….I guess so.”
“Yes, you should sell now. Sell everything. And with rationale like that, NEVER trade again.”
That’s a real conversation I had with a friend a few weeks back. I get a call similar to this one about…
15Feb2009 | Q1 Publishing | 0 comments | ContinuedInvestment Risk: How to Avoid the 4 Most Dangerous Pitfalls of Investing
Investment U Chairman Alexander Green’s new book “The Gone Fishin’ Portfolio: Get Wise, Get Wealthy… and Get On with Your Life” was only officially released Tuesday. I was hoping to be the first to review it. But, apparently, successful traders and investors move fast. The book is already #1 on Barnes & Noble.com and #2 on Amazon.com. (His book is outselling other new books released this week by Thomas Friedman and Bob Woodward!)
What’s going on here?
Most financial writers and brokers are high on promises, but seldom deliver. Every investment advisor promises to beat the market. But few actually do…
16Sep2008 | Investment U | Comments Off | Continued
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