Tuesday, September 30, 2008

Humor in a Crisis

Two items struck me as ironically funny today:

1. I received a pre-approval for a WaMu Visa Card.

2. I was talking to a buddy of mine who used to work in fixed asset investing at my company. He was around when bankers tried to sell credit default swaps as an instrument that they claimed should be an integral part of our investment portfolio. From that experience he learned 3 key statements to always cause you to run, not walk, away from any new financial instrument:

a. What could possibly go wrong?
b. It's different this time.
c. You just don't get it.

1 comment:

Renee Katz said...

The last one should also cause you to run away from any intellectual, too.