Friday, March 02, 2012

Does Crime Pay? Forbes thinks so

One of the best financial magazines ever, Forbes, has always approached the topic of investing and managing money with a low-tax slant and a healthy dose of humor (wealth and happiness are correlated, despite claims of many starving artists to the contrary.  It's just that the correlation is logarithmic). 

Anyway, they are starting a nice series on how crime might indeed pay - the secret is to be a financial "advisor" of any type.  They favor a Ben Graham appraoch - make sure you have fat pitches and high probabilities on the upside and relativel low risk (a margin of safety) on the downside.

I am looking forward to part 2.

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