Friday, October 12, 2012

Why the Rich Get Richer (youtube)


A pretty accurate overview. When you reap the harvest in good times, and get bailed out in the bad, its not that hard to maintain your wealth. Those who have been wiped out in financial stocks notwithstanding.

http://www.youtube.com/watch?feature=player_embedded&v=xA_glFb0oWs

I heard a story about a wealthy farmer who sold his farm at the height of the Irish bull market, circa 2006, and on the advice of his accountant put the cash into Bank of Ireland shares.


18 year graph, 1994 -2012, courtesy of Irish Stock Exchange

No comments:

Post a Comment