Recently on a flight home, I was watching the HBO show Bookie. It stars Sebastian Maniscalco as a bookmaker (takes sports bets) and the degeneracy of his clientele. The show is a fun watch but it highlights how easily gambling becomes a problem (granted, all the gamblers are larger than life caricatures for the sake of entertainment).
But it also highlights one key idea – you’re really on your own out there. Especially with money.
Sure, there are all those three and four letter agencies but in the end, you’re really just on your own.
You are on your own [Abnormal Returns] – “The rise of the degenerate economy is obvious to everyone now. As Howard Lindzon writes, “The degenerate economy is definitely bleak, but it is not going away.” The bottom line is no one is coming to save you from blowing up your financial life. Not even the SEC.”
Sad but true.