Friday, February 20, 2009

How Now Ian Thow.

It never ceases to amaze me how we as a culture have become so conditioned to believe that the highest level of being is a VICTIM. Somehow, since one was taken advantage of, they feel entitled to be on some form of moral pedestal.

This is plain silliness. The only true victims are individuals that suffer a surprise accident do to the malice or negligence of another.

The Ian Thow victims are just plain DUMB......

Want to know how DUMB..........

1> Most of the dummies that gave Ian Thow their money earned it by being careful.... They lived penny-wise. Yet when it came time to make one of life's most important decisions, "Who to Trust With Your Money" they chose an individual who has as much respect for money as Manley Eng has for fire safety..... DUMB, DUMB, DUMB, no sympathy from me......

2> Many of the individuals investing with Ian Thow thought that they were getting in to a offshore entity where they could have earned high returns away from the watchful eyes of Canada's tax authorities.. The intent of many of the fleeced fools was to break the law and steal from the rest of the Canadian taxpayers......... Do you feel sorry for a bank robber who while trying to flee the bank runs into a plate glass door and hurts himself badly??? I should hope not.....

3> All of the individuals that gave scads of money to Ian Thow did so without budgeting 1/10th of one percent for due diligence.... Hello, ever heard there is no such thing as magic beans...

4> All of the investors knew Ian Thow collected multi-million dollar toys and he earned a living selling mutual funds. Isn't it neat how peddling crap investments can fund a private jet air force...

5> To make matters worse, the many of the people who lost money came out publicly. What was the point of this? In 99 times out of a 100 there is no recovery possible. If they were trying to offer their story as a noble warning to others, I feel sad for them. For most individuals going public just means that they have tarred their families names for generations. Their descendants if they chose to live in these parts will be the first target of any flim-flam man or confidence trickster.

If there weren't human whales around, there wouldn't be human whalers....

Whats the funniest of all is that if Ian Thow didn't fleece a certain supermarket millionaire of $12 million, that supermarket millionaire would probably still be in the food business. Thanks to Ian Thow, this certain person realized they can either watch their money or watch their business, but they cannot do both well. As the story goes, a richer fool comes from the east with junk bond financing and was able to pay the grocer three times more than what his business would fetch today..... The grocer sells for a enormous price and lives happily ever after.....

Now do you think the grocer is kind enough to thank the man who is more responsible for the quantum of his wealth than anyone, including himself......

I doubt it.......

1 comments:

s_przada said...

Oh Ian, at least your creditors still send you money!

The smile's in the aisle for you.