Five simple steps to becoming a billionaire: The Greenspan Method
Bob Morris @ Jan 17th 2008 10:30 - Category: Credit crisis Tags: Alan Greenspan
From LongorShortCapital, the de-saintifying of Alan Greenspan continues, as well it should.
- Become Fed Chairman
- Lower interest rates until you create an asset bubble. Hold them low until stagflation is in the air and a real estate bubble is floating
- Stop being Fed Chairman and release a book on how you didn’t do anything wrong and have no regrets. If possible, time it perfectly with the worst real estate market in generations
- Join the hedge fund which has profited more in % and dollar terms than anyone else has from your mess (which you didn’t create)
- Build a platinum statue of your muse, Ayn Rand, and sleep with it every night
It also helps if you are mostly unethical.
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