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07/04/2010

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Tony Weddle

I wish the gambling aspect was made more explicit to the general public. We've had quite a few finance houses go under, in New Zealand, and investors are always angry and always looking for sympathy. Yes, we can sympathise but the investment was always a gamble. All financial investment is a gamble but we've had it so good for so long (give or take the odd recession) that most people appear to expect investments always to bring positive returns, for ever.

The only investment that makes sense, these days, is investment in learning skills and procuring appropriate technology to make oneself as self-sufficient as possible. Relying on the state or the economy for an income to be able to go to the store to buy what you need, is, itself, a gamble.

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