No. of Recommendations: 6
<<There is no magic genie who says such a catastrophic event couldn't happen here. The chances are small, I grant you, but the intrcst formula is not perfect for all time and all places.>>

No one made that claim.

Sure you did. You said it was a "worst case scenario." Now we agree that it is not a "worst case scenario", but only one which has worked in this country, not others, and not in times of runaway inflation as we have seen in other countries, nor in catastrophic wars which have been lost, and perhaps not in other exigent circumstance.

The idea of this article that some people have a genetic predisposition to that kind of decision making is unproven excuse making.

All theories start with, uh, a theory. Since most of the animal kingdom doesn't plan for tomorrow, it seems possible that there is a genetic predisposition for humans not to, as well. Of course there are a few, a very few animals which "squirrel" away food for lean times, but those are a distinct minority.

An older bit of wisdom is content to observe that a fool and his money are soon parted.

I'm not sure what that has to do with the conversation, but it's a nice saying. Maybe you could patent it?
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.