Look through the conversation. No, the word "welfare" wasn't used but it didn't need to. It was implied. And a loan to buy a car, a fridge or even airpods or sneakers are different to loaning money to buy absolute essentials that are sold at Coles or Woolies. Maybe not to you, all loans are the same. All products are the same.
If we were to compare portfolio performance over the last month, I am certain I'd be ahead by miles. The things I normally say are speculative but of this, I'm 100% sure. Better a rich dumb ass than a poor genius.
Blind holding and doing really well can be skill or can be luck. It's in the downturns when people take profits and making risk-based portfolio adjustments is when the skill is separated from the luck and is what separates the men from the boys.
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