“You have to have a command of the English language or you’re just nowhere. I mean like…say you get out of college or whatever…you’re gonna go into business, you’re gonna open a bank just for an example. You’ve got to give it the right name. It’s gotta be something big and strong like Security First Trust and Federal Reserve. And you have to name a bank that because nobody’s gonna put their money in Fred’s Bank. ‘Hi, I’m Fred, I have a bank. You got $1500? Ahhh, I’ll put it here…in my white suit'”
– Steve Martin
Just to lighten the thread a bit. My point? Just because you run Security First Trust and Federal Reserve doesn’t mean you know any more about managing money than, say, Fred. You just have better command of the English language.
In fact, at this point in time, I bet Fred has lost less of his investor’s money than most large banks.
