To paraphrase P.J. O’Rourke, “Giving assets to a stock market plunger is like giving beer and car keys to teenage boys.” This is a true story. As you read this morality tale, you’ll recognize a person you know or investors you have known or possibly a person in your own mirror.
John was a very successful entrepreneur. Although his distribution company had a very narrow product line, it’s market segment had been hot for decades and demand had grown exponentially for years.