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Re: sage4 post# 76503

Saturday, 04/25/2020 2:39:55 PM

Saturday, April 25, 2020 2:39:55 PM

Post# of 97081
Sage4 - the problem with the SEC regulators, in their own words is "if it sounds too good to be true, it probably is"

https://www.npr.org/sections/coronavirus-live-updates/2020/04/15/835319145/top-wall-street-regulators-warn-against-coronavirus-investment-scams

- you simply cannot possibly surprise industry people with a novel invention if it is going to cost someone their gold. Look at the constant short attack on Tesla.

As Pat Huddleston said in The Vigilant Investor: "The old axiom 'if it sounds to good to be true, it probably is' is dangerous." Why? It causes investors to focus on outlandish returns as the only mark of a "too good to be true" scheme, and misses those who intentional are low-key about their scam.

I'm with you - I think some things are too good to be true . . . until they aren't!