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By slodrive (registered) | Posted November 04, 2010 at 15:51:40
@Paul
Not to equate stadiums with investing, but merely looking to question your opinion. I invested (say) $25k when the market was down. Did I have $25k to invest? Hell no? I'm wearing a shirt that's 8 years old and driving an 11 year old car. But, it made sense. I borrowed at a dirt cheap rate and made 18%. About 13 points more than I borrowed at. (Don't quote me on the percentages...and definitely not the number. Just making a point.)
I agree that we shouldn't be wasting public money frivolously. But, we shouldn't be stupid either. Opportunity knocks but once.
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