Skans post #14187 • Liberal Forum

Blackvegetable » 25 Jun 2025, 9:15 am » wrote: ↑
25 Jun 2025, 9:15 am
You miss mine.

I'm not talking about the dumb **** reformed insurance peddlers do to fulfill their KYC requirements....I'm talking about actual knowledge.

Ok, so we're at least seemingly talking about the same thing. Actual knowledge. I've had some experience with this. Here's what my experience has been with individuals who truly have deep investment knowledge:

They typically start out as a CPA for Deloitte, EY or KPMG.
They eventually find a job with a cutting-edge company and eventually become CFO
Or, they open their own accounting firm and grind away but learn from businesses they become involved with, eventually discovering financial cash-cow
Or, they are rocket-scientists (I mean this literally) with MBA's who have a knack for start-ups and turn-a-rounds.

These people wind up being savoy investors. Sometimes they need more money than what they've got access to. They find opportunities they know how to scale up. Some become "business incubators" or "angel investors". The ones I know have the IQ, the book smarts, the risk tolerance and the drive to make lots of money with found opportunities. They are NOT the dumb-**** series 7 salesmen for the Morgan-Stanley's of the world. Well, I shouldn't come down on stock brokers too hard - some of them are good at what they do.

I don't know if these are the type of people you are alluding to. These are the type of people that I know. They are not professors. They are not theorists. They were smart enough to be accepted into the "Club" and cut their teeth on real, money-making businesses before going off on their own. They understand modeling, statistics and analyzing data sets; but they know much more beyond that. The problem with them is that they become very successful and rarely need investors anymore. None of them are going to explain "risk" to anyone! If you can't keep up intellectually, they don't want anything to do with you. I actually had one of them speak this aloud to me (comment was not directed to me).