I am paraphrasing from Conan the Barbarian, where Conan’s Dad teaches him about life:
Conan’s Father: For no one – no one in this world can you trust. Not men, not women, not beasts. This you can trust (pointing to his sword)
After yesterday’s spirited Guest Post (thanks Barry), I found this in my archive of unfinished articles (I have about 80 of them which vary from a title to a completed article, that I just don’t like the wording), and it does bring up an interesting point that Barry brought forward.
The Joker: And now, folks, it’s time for “Who do you trust!” Hubba, hubba, hubba! Money, money, money! Who do you trust? Me? I’m giving away free money. And where is the Batman? HE’S AT HOME WASHING HIS TIGHTS!
I think the Joker makes an interesting point there: who do you trust?
Are you sure you should trust them with your money? I am astounded to hear about the blind faith some friends have placed in “their money guy.” Some have been paid back handsomely for their faith, but many have learned what Conan’s Father taught (trust only in steel).
After the rash of “experts” (for lack of a better title) who have ruined their clients through criminal activities (i.e. Ponzi schemes) or incompetency, you should always have skepticism when you are dealing with money experts (even bloggers).
Any expert who doesn’t like you asking questions about how they work isn’t really worth having (in my opinion). I have read about many interesting cases at the Investment Industry Regulatory Organization of Canada, web site. You can sign up to read about some of their inquiries, and rulings (there are many fascinating cases to hear about).
I think Conan had it right regarding money: Trust only in Steel!
I agree with you 100%. Investors need to be eternally vigilant and skeptical almost to a fault. Do not trust anyone and cross check facts and assumptions and theories advanced to you. Also, diversify and do your own independent research and analysis.
So we can trust in Superman, the Man of Steel?
I prefer to keep my money in many different cubbies and hidey-holes. Like the nuthatches and blue jays I hope that some of my hard-won spoils will still be there when I come back for it in my hour of need. And, hey, if it’s grown into a tall tree sporting a crop of fresh nuts by then, so much the better.
As for Barbarians, I prefer Terry Pratchett’s Cohen. : )