The bottom line: Holding on to money is often more difficult than acquiring.
Cisco Systems (nasdaq :csco JDS Uniphase (nasdaq:jdsu Ciena Corporation (nasdaq:cien EMC, corporation (nyse:EMC and Lucent Technologiesnow Alcatel-Lucent (nyse:ALU) trading near triple digits back then and in the middle-teens or single-digits ten years later.Also read, the Six Rules of Personal Success.And when I jacob slott told him that I earned 7 percent (I wouldnt dream of it today he found such returns to be too low, compared to 18 percent I could be earning in the Special Situations Fund.«Mega Millions mania leads to disappointment in California».A Series 7 and a baden restaurant casino Series 63 investment licensesthe first is a federal license; the second is a NY state licenseanyone can take the tests for these licenses.October 18, 2017 «Mega Millions with Megaplier: Maine State Lottery».At the beginning, I was angry with Sam for not explaining to me all the costs and risks associated with investing in the Special Situations fund, as it was part of his job.Mega Millions logo (Photo credit: Wikipedia).When Sam heard the word bank, his jaw dropped, making me feel a little bit stupid.October 16, 2017 «Mega Millions».Why did I have to hire Sam to manage my money in the first place?News National News ABC poker kartlar sralamas News».First, Sam didnt work for free; and he didnt intend to manage my money either.On a Saturday morning in the winter of 1985, I was shopping at Mid-Island Plaza Mall.After all, I did have.«Seven state workers haul in 319M Mega jackpot».He asked me whether I have any investments.As La Rochefoucauld put it, We need greater virtues to sustain good fortune than bad.In economics, fresh out of school.My mind began racing, calculating the returns I was forgoing by keeping my savings in a money market account rather than handing them to Sam who could deliver twice as much!
Without bothering to read the Special Situations Prospectus, filled with all kinds of footnotes and disclaimers explaining that the 18 percent return was just a fuzzy guess, I quickly filled the necessary papers to hand my savings to Sam.
To make the long story short, Sam convinced me that he could be doing a better job than me in managing my money. .
What did Sam know about money management that I didnt?