Tuesday, February 11, 2014

Chapter 7

6.
The part in this chapter that I found interesting were two things. The first was that giving such a small amount of money to someone in a 3rd world country can lead to so much success. Because 3rd world countries don't have a lot there are so many things that you can set up. The options are unlimited and you will most likely not have any competition. Since, it is so easy for these people to set up a small shop I don't see why more money isn't awarded to these countries. I think more people should be involved in programs that give out small loans. It is also reliable because the return rate is 96%. The second thing that I thought was interesting was how if you leave your money in the stock market for 25 years you will have made a lot of money. If someone bought Google stock at the start of the 2008 recession they would have a ton of money right now. I understand that the stock market is more complex, but this makes me feel like people would be tempted to keep their stocks in for as long as possible. I am not sure if this is good for the market or not. It seems like an easy way to get rich even though it would take a while. This seems too good to be true.

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