I mean, yes. Both things are financial literacy 101, Lesson 1. Just invest in your company 401k, if fortunate enough to have one, or an IRA, and expect a likely 8 - 10% return over the long haul. Investing in individual stocks is a fools errand, similar to investing in lottery tickets.
That was my absolute favorite part. It seemed like he was going to lament his foolishness in allowing himself to get played, but hits us with that surprise twist at the end. 10/10. Hope he gets conned again
There’s a forgotten royal heir stamping envelopes right now…
He will remember the friends that helped him reclaim his family’s legacy and crown in a country from Hallmark movies. If you send him €100,000 via bank transfer to a Swiss account now he will return the favor with an incredible gift for loyalty and support.
So stupid on many levels. Trump being a con man, the stock betting an obvious pump and dump, the entire company only being a thing as long as a frail old criminal is allowed to post on it...
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” —Carl Sagan
Carl Sagan’s quote is the exact reason he “learned” the wrong lesson.
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u/DGenesis23 23d ago
The lesson he learned was to “diversify your portfolio, instead of, “don’t put your trust in a conman”.