people at major banks, while imploding, were saying we re fine. we didn t do anything wrong. we re going to be here for the next 20 years. ten minutes later, they were out of business. that is something that was very hard to prove. by the way, when you can t prove something like that, the public wanted scalps, they went after this. insider trading. once something is on tape, it s much easier to prove. what do you tell the average person? granted, the difference between trading and long-term investment. i mean, i would invest in johnson & johnson, procter & gamble, mcdonald s. that s as far as i go. conservative, fits my personality. real estate, things like that that have inherent value. i would say this. when you turn o n a business channel and some guy is saying buy buy buy, turn that channel off. any names? i can think of one guy that dances around and screams and
people at major banks, while imploding, were saying we re fine. we didn t do anything wrong. we re going to be here for the next 20 years. ten minutes later, they were out of business. that is something that was very hard to prove. by the way, when you can t prove something like that, the public wanted scalps, they went after this. insider trading. once something is on tape, it s much easier to prove. what do you tell the average person? granted, the difference between trading and long-term investment. i mean, i would invest in johnson & johnson, procter & gamble, mcdonald s. that s as far as i go. conservative, fits my personality. real estate, things like that that have inherent value. i would say this. when you turn o n a business channel and some guy is saying buy buy buy, turn that channel off. any names? i can think of one guy that dances around and screams and sleeves rolled up.