
Originally Posted by
walrus
And don't worry about not understanding this stuff either. Loads of billionaires and centimillionaires don't understand it at all. And my front office friend says you can't explain it to them either. In almost every case when he's dealing with clients if you tell them something they don't want to hear, that tax cuts for them don't grow the economy for instance, they get upset and move their business to some firm who will tell them what they want to hear which just perpetuates all the negative economic knowledge out there. There are tons of nine and ten figure guys and girls out there who have a massive negative level of economic and financial knowledge.
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