A guy named Moe calls you with a business deal. He says put up 100 grand for 25% stake in a widget company. He tells you how the company will be building widgets for 50 cents, while the wholesale market is paying a dollar. Sounds like a no brainer, until you meet him and his two partners Larry & Curly. At this point, most people I know would not come up with the 100k, even if they could. No sane person would willingly go into business with stooges - no matter how compelling the business model may seem. Now Imagine a second example. Same widgets, Same risk, Same rewards, but this time the phone call comes from Warren Buffet , Mark Cuban, & Bill Gates. Most people I know, would be looking for ways to beg, borrow, or steal 100k just to get a piece of that deal.
Commodity markets & how to play them.
Commodity markets & how to play them.
Commodity markets & how to play them.
A guy named Moe calls you with a business deal. He says put up 100 grand for 25% stake in a widget company. He tells you how the company will be building widgets for 50 cents, while the wholesale market is paying a dollar. Sounds like a no brainer, until you meet him and his two partners Larry & Curly. At this point, most people I know would not come up with the 100k, even if they could. No sane person would willingly go into business with stooges - no matter how compelling the business model may seem. Now Imagine a second example. Same widgets, Same risk, Same rewards, but this time the phone call comes from Warren Buffet , Mark Cuban, & Bill Gates. Most people I know, would be looking for ways to beg, borrow, or steal 100k just to get a piece of that deal.