Quotes Entirely Relevant to Investing 03-22-2009
by Mr JugglesThat’s bad business. How long do you think I’d stay in operation if every time I pulled a job, it cost me money? If he’d just pay me what he’s spending to make me stop robbin’ him, I’d stop robbin’ him.
-Butch Cassidy (HT Austin)
In real life, Butch would get the governor to use revenue agents to stick up the bank, calling it “excise taxes” or “excess profits tax” or perhaps “registration fees,” and then transfer the cash to Butch in exchange for the votes of the Hole-in-the-Wall Gang. Everybody wins! Well, except the bank, but who needs the bank’s consent? It’s a better investment strategy than conventional private sector strategies because not only is your gambling stake strictly ‘house’ money, but also because the ‘capital investors’ don’t have any legal recourse via shareholder or fiduciary duty suits. Well, except maybe raiding your hideout with pitchforks, shotguns and flaming torches… I think an advanced version of the strategy, known as Butch, Sundance, and the Soros Kid, hedges by investing in the bank, the politicians, and the lynch mob.
Considering the recent announcements and monetary policies by U.S. officials, here is our wealth-building strategies for near future:
Short wallet producers.
Long wheelbarrow producers.