Friday, July 10, 2015

Today's "Sure Thing" Plan Could Double Your Net Worth!

July 10, 2015
15 things wealthy people do every day

9. They Avoid Gambling

10. They Rise Early

Here comes the plan. Brace for it!

“Take 100 millionaires from across the world, and I’ll bet you not one of them sleeps in,” wrote Murray Newlands, a startup adviser, investor and entrepreneur.

Not one in one hundred million, huh? Interesting bet. And at even odds? Wow! Lucky day!

After careful consideration and due diligence, I have decided to "invest" my net worth taking the other side of this bet. I generally avoid gambling, but this is not a gamble. I seem to know something that Murray Newlands does not know: I meet the criteria,  I'm a night person, I slept in until 10:30am today, and that's generally pretty early for me (summer heat notwithstanding).

I invite you all to join me in this investment. Every dollar invested becomes two dollars. Let's find out how wealthy this person is/was and bet the limit. We shouldn't expect much though.

1. As we're told, wealthy people avoid gambling.
2. Murray's gamble is among the worst I have ever seen.
3. How could Murray accumulate much wealth making such horrible bets?

This article made me laugh out loud, which is one reason I enjoy reading financial articles. Humor is the best reward. It's not the only reward though. Even simple heckling can stimulate the simple mind. Or as they say, simple things for simple minds. ;)


dearieme said...

When I was a schoolboy I ran a book on the school athletics championship. I found that some people were prepared to bet on competitors who couldn't possibly become champion because the most points they could earn would still leave them behind the leader.

I reported this to my father who told me I'd learnt valuable lessons in life. And to spend my profits quickly before anyone demanded them back.

Stagflationary Mark said...


Your father must be a wise man!!

It's funny. This article misses the point on wealthy gamblers. It isn't thst they avoid gambling, it's that they want very favorable odds. Neither lotteries nor casinos offer reasonable odds.

The best gamble might even be one in which they win if it pays off and taxpayers lose if it doesn't. Just sayin'. Sigh.