> > Risktaking is a myth like Horatio Alger. They "externalize" costs
> > and risks.
>
> Tell that to George Soros, who loaned Russia "several hundred
> million" last summer. Now *that's* risk.
Loaned, my foot. George had an inside deal to buy up a Russian oil company at rockbottom prices (the company may be worthless, but the oil reserves are hefty), and Russian GKOs or Gov't debt are incredibly high-priced, high-yielding, and ultimately backed by the full faith and credit of our dear friends at the IMF. Not to harsh on George, because he does spring for some big-time charities, but risk in the world of global capitalism is for us little debtors with credit cards, not the really big debtors.
-- Dennis