Minutes of a Monday #14
Brain Food > Buyer Beware
“There’s often a window in which a population are used to trusting things, say financial institutions, immediately exposed to a new range of financial products and there is a window in which they are vulnerable to those products.
One of the reasons you saw that in a big way in Eastern Europe in the 90’s is people had essentially been restricted to a single state savings bank and suddenly there’s this bewildering array of banks and presumably they’re all fine right? Because the state savings bank had been fine and they’re offering these crazy returns.
And it takes people a period of time - say 10 years - to say ‘you know what? This is a con job’. And I suppose in a way that’s repeated itself with cryptocurrencies. It’s a whole new thing and look at the returns. And no-one understands the technology.”
Journalist Oliver Bullough in an extract from Episode 7 of The Missing Cryptoqueen on BBC Sounds.
Soul Food
"If I'd have followed all the rules I'd have never have gotten anywhere." Marilyn Monroe
Rare Air
“Most who avoid quitting their jobs entertain the thought that their course will improve with time or increases in income. This seems valid and is a tempting hallucination when a job is boring or uninspiring instead of pure hell. Pure hell forces action, but anything less can be endured with enough clever rationalization.”
LOL
Gets me every time.
AOB
Have a great week – Niall