B.L.I.P. Heros

Tuesday, December 16, 2008

A Return to Investing in People

I have a prediction to make in the wake of the poop our economy is currently sliding around on. Here it is in on its own line and with quotes to make it look more prophetic:

"The new successful investor will invest in people, not hedges."

Explanation: Now that we have confirmed in at least a few big scandals that it is people and their financial ethics and education that mess up the economy and many investments, the new successful investor will invest where there is human accountability and quality leadership, not a cold, and very diverse fund.

And I also say this:

"Financial security is found with secure people, not the appearance of security."

Explanation: This is a spin-off of the first one but with more focus on the people involved in our investments. We have seen billions of dollars disappear in shady ways and watch in awe. But really, why should we be surprised? We have allowed it. And we keep on allowing it. They brand their investments to look secure. They are faceless brands like the Starbucks emblem without the barista. They look secure and trustworthy...until you get the bitter and burned taste in your mouth and wonder why you made the investment. The new investor will research the leaders. They will dig deep into their financial habits and integrity before they put their precious money there. They will learn how to study financial reports instead of trusting someone else to tell them it's ok.

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