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Ellis in Wellyland

Tuesday, July 03, 2007

Michael's Rules for investing

1. Don't invest in a company that incorparates 'Corp' in it's one word name - Equiticorp, JudgeCorp, now BridgeCorp.

2. If you don't know that a 'first ranking debenture' doesn't necessarily put you first in the queue when a finance company collapses then you deserve to lose it.

3. Finance companies generally lend money to the people the banks won't lend money to.

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