Friday, September 19, 2008

Other People's Money, Arbitrage, and Other Concepts Casey Doesn't Understand

truecasey.com - caseyhaterz.com discussion

Casey educates us on the way to true wealth. Borrow money at 12% interest to invest in something at 200% interest!

Of course there IS risk.

But nothing great is accomplished without risk. Achieving dreams requires risk.

Risk still needs to be managed and I’m learning to manage it. I’m glad my hard fall with real estate did not turn me into an ultra-safe investor… 12% return?? LOL. Once you taste 1,000% or even 2,000% annualized returns it’s hard to go back. :-)

1 comment:

JohnDiddler said...

most of us can conceive of such a leverage scheme. but he also demonstrates his lack of good sense to quit when he's ahead. he's a pure gambler now.