The #s off the prison yard are now in.
The only question on the poll was: If you were privilidged to invest in a scheme that will give you 10% above average return for 20 years, and then go to zero, will you go for it?
a. yes, I will cash out in 19 years. That is the American way.
b. yes, I might get hit, but so is taking any other risk. That is the American way.
c. no, but I would have if the return was 20% above market and I then would cash out in 19 years. That is the American way.
d. no, it is a crime known as ponzi scheme. That is not the American way.
Before you discarded this survey of convicts, and how they might differ with the "average" population had they been polled, let me remind you that this group I polled at some point in their career weighed the ultimate risk reward for a trade, and was able to make up their minds and "invested" accordingly. They are as experienced as any investor would be, and in my opinion, a perfectly unbiased sample of the general population attitudes.
The right enemy
11 months ago