Funny to see this today, given today's news up here in Canada.
"Private enterprise is more efficient!" go the cries of the free-market absolutists. The question is, more efficient at what, though. Because here it seems telecoms are optimized to extract maximum dollars from the population, which is not something the citizenry wants out of basic infrastructure.
Mary saw a bicycle in the store window. She wanted it.
That was just the kind of window Mary needed.
A window that could make her want something a silly as a bicycle would do wonders for her bakery.
Here's the thing though: The naysayers were right.
No they were definitely not right. At minimum, by listening to them, I missed out on some fun.
In any situation there will be nay-sayers.If you always listen to them, you will never make any money. Likewise, in any situation, there will be 'yay' sayers. Again, if you always listen to them, you will never make any money. In both situations your money will eventually be worthless, either through inflation or multiple bad trades.
If you want to make money, it is incumbent upon you to figure out what is a good investment and what is not, ignoring sayers.
But if you were sane, you'd have cashed out by now. Or if it took nothing to get, you'd ride it until after it crashes.
More likely cashed out part of it. You don't need to cash out all of it. That's a normal strategy for handling these risky trades.
I judge a religion as being good or bad based on whether its adherents become better people as a result of practicing it. - Joe Mullally, computer salesman