Monday, December 15, 2008

If it seems to good to be true...

How gullible are we anyway? Do we really believe...

-that our house can appreciate 20 or 30 or 100% a year?
-that a company with negative earnings and no hope for achieving earnings, and whose stock is $100 or $200 or more per share is a good investment?
-that a fund run secretly can achieve returns of 20% a year every year when no one else can?
-that a bank would loan us money to buy a house when we don't have a net worth and only marginal income?
-that our doctor is really up to date and knows all the best practices to attend to our health?
-that Big Pharma, and their ads, are for our best interest?
-that the government is really good at looking out for our middle class best interests?
-that the FDA looks out for us and doesn't have major conflicts of interest with Big Pharma?
-that futures traders are necessary to achieve a true "price discovery"?
-that short sellers of equities help achieve a true "price discovery"?
-that the free market is...FREE?

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