A millionaire visits a Ferrari dealership to take possession of his brand new $1.9 MILLION LaFerrari.
Only 499 were made, making this car one of the most expensive automobiles in the world.
Within
minutes after stepping out of the dealership, the excited man decides
to test the 950 HP’s under the hood — able to accelerate to 100 KPH in
just under three seconds.
As soon as he pushes the throttle, the man loses control and crashes.
This real event was recorded live.
- Was the $1.9 million dollar Ferrari evil? NO!
- Was the inexperienced man driving the powerful Ferrari stupid? Obviously!
So, to answer your question, is finance evil?
Finance is NOT evil, but financial instruments will behave like a powerful ‘Ferrari’ if you push the limits.
Just like driving a supercar requires knowledge, dealing with financial instruments demands knowledge and expertise.
If you don’t know what you're doing, it's wise to invest in driving school FIRST!