|Originally posted by Fledz |
Very, very little. The GFC happened because of the way the financial world was and still is structured, the sheer greed of the elite and the absolute stupidity of the masses. The saddest part is that we've learnt nothing from it.
Yeah it's kind of sad how stupid people are. My hairdresser owned his house outright, took a stock tip from a customer (who had nothing to do with the financial industry), borrowed $300,000 against his property to buy the shares and then lost it all. Some people seem to treat the stock market as a big game and think that having the "right" pick will let you win every time.