In the 1980s, Barbara Woodhouse published a book called No Bad Dogs. Clearly, she’d never met my dog, though I know what she was trying to say. Her point was that inexperienced owners are the problem, not the dogs themselves.
In the same way, short of clear frauds or Ponzi schemes, there are really no bad investments. Assets do what they’re going to do; whether or not we as owners have the experience and foresight to know if we’ll be happy with the eventual outcome is our problem.
Sometimes obscure asset classes get a lot of press, and none get more these days than cryptocurrency. This column focuses on Bitcoin, as it’s the leader and has features copied by most other crypto.
Read the full article by Gene Gard on the Memphis Flyer website