Ernest Castillo

13%
Flag icon
Nero harbors a deep suspicion that the stock market is some form of an investment scam and cannot bring himself to own a stock. The difference with people around him who were enriched by the stock market was that he was cash-flow rich, but his assets did not inflate at all along with the rest of the world (his treasury bonds hardly changed in value). He contrasts himself with one of those start-up technology companies that were massively cash-flow negative, but for which the hordes developed some infatuation. This allowed the owners to become rich from their stock valuation, and thus dependent ...more
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto, #1)
Rate this book
Clear rating
Open Preview