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Naver BlogEdit
Published: 2022-11-011 backlinks

If It's Too Good to Be True, It's a Lie

Warren Buffett's famous saying

Too good To Be True

Charlie Munger's famous saying

These days, there are many people who claim they will teach you how to make money through trading. I think what they are doing amounts to offering drugs to young people. It is a really stupid thing to do. If you were already rich, would you try to make money by teaching people trading? Some people even appear on TV and say, "The method for earning 300% returns per year is in this book. Order it and we'll send it to you right away!" (Laughter) If you had truly found the secret to 300% annual returns, why would you try to sell books? (Laughter) That makes no sense. It's a cheap sales gimmick.

  • The claim that you're guaranteed to make money is always a lie.
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  • The Safest Place Is Prison

Bernard Madoff was investigated multiple times by the SEC because he advertised a 'high-return investment product with no loss of principal.' In other words, in Economics, high returns without loss of principal do not exist. Promising unconditional returns is dangerous. Even the building up of a consensus that everyone says is right and good is dangerous.


Topics: Bernard Madoff,Fraud
Category: Evergreen
Status: Ever/Tree
Related: _e.231120 λˆλ²„λŠ” 법과 이성을 λ§Œλ‚˜λŠ” 법은 μžμ‹λ„ μ•ˆμ•Œλ €μ€€λ‹€
Origin: _z.230505 λˆλ²„λŠ” 방법을 μ•Œλ €μ£ΌλŠ”κ±΄ 거짓이닀


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The Most Precious Things Are in the Trivial and Unwanted Places

EvergreenCreated: 22-10-26Updated: 26-08-24
PreviousThe Most Precious Things Are in the Trivial and Unwanted Places
NextWhat cannot be measured cannot be managed