Tuesday, January 06, 2009
Civet Coffee:Never Underestimate How Much You Can Scam Rich People With "Exotic" Products
Credit default swaps, Madoff's alleged Ponzi scheme, and now Civet Coffee (I wish I could poop expensive coffee beans).
It shows that people are attracted to the "mysterious" and "exclusive" and are willing to spend a lot of money on "elite" things.
I say "Hogwash!" - focus on solid, plain, vanilla quality.
As Da Vinci said, "Simplicity is the ultimate sophistication."
Instead of credit default swaps, focus on stocks.
Instead of Wall Street "wizards" with "magical black boxes", focus on mutual funds or "white box" systems that openly disclose their rules (like my Stock Trading Riches system).
Instead of coffee made from beans pooped in the jungle by civets, get a large cup of Dunkin' Donuts regular coffee.
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Don't forget Swarovski Crystals. Expensive flecks of glass glued onto various things (mobile phones, bottled water, jeans) to show off about how much you spent.
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