Quote:
Originally Posted by nik-
Please link me to your pre-hindsight commentary.
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Huh? that wasn't even the point of that post and I've made no pre-hindsight commentary that I'm lording over anyone else. Some of my posts were in response to some posts wondering why the average person doesn't know certain complex topics (ie: interest rates etc.) that those posters felt was almost elementary. I was basically saying that expecting the average person to have a financial thought to even contemplate pre-hindsight financial risks is sadly asking a lot of the average person.
Do you have any clue how many people making over $200K salary are complete financial buffoons? I had one guy argue with me that the unused $250K LOC he had was an asset because he could get cash from it. He went as far as to say I was a complete moron for saying it would be a liability if it was drawn... because it's so obvious that the cash he draws and the item he buys is an asset.