Country Quote by Michael Franzese
“Unlike stocks, where in our country, you go to sleep, everyone tells you everything is wonderful, you wake up and everything is gone.”
About This Quote
Source Book: Mafia Memoirs, 2012
Stock markets can be deceptive; they may appear stable but can vanish abruptly, unlike tangible assets.
In simple terms: Stocks can disappear suddenly.
Key Takeaway
Diversify assets.
Themes
finance
risk
illusion
Mood
cautious
analytical
Type
financial
advisory
When to use this quote
- real estate
- precious metals
- cash reserves
Key Concepts
investment strategy
economic volatility
Questions to Reflect On
- How do you assess market stability?
- What safeguards protect you?
A Different Perspective
Diversification has costs.
![“That country [Carthage] was rapidly sinking into the state of barbarism from whence it had been raised by the Phoenician colonies and Roman laws; and every step of intestine discord was marked by some deplorable victory of savage man over civilized society.” quote by Edward Gibbon](https://sms4smile.com/quotes/img-quotes/70c/edward-gibbon-710_barbarism_that-country-carthage-was-rapidly-sinkin_393.jpg)
