Friday, October 03, 2008

Confidence

I keep falling back into Macro News instead of focusing on the technology I know. Today is no different.

When a society only has "confidence" as a means to stabilize its financial markets, its an indicator of bad things to come. "Competence" is what we need. Not all investments cause losses. A competent financial Guru should easily be able to give me a guarantee of positive return. Any financial professional who has lost a single client money should be barred from working in the financial services industry ever again.

1 comment:

Anonymous said...

I'm not sure it'd be wise for a financial professional to guarantee anything, that could put them in a pretty sticky legal situation, especially if the investor invests lots of money in something. And the market is pretty unpredictable. I'm not sure there's is such a thing as a "sure thing".