This is What Happens When You Don’t do Your Homework

Sophisticated investors are, of course, expected to do lots of homework when allocating hundreds of millions of dollars. Well, one would think. In reality, it seems like they often resort instead to a cheat sheet much like the one below. 

Perhaps a little more due diligence would have uncovered that many of these “great deals” were actually mythical creatures.

This is What Happens When You Don’t do Your Homework originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.” Check out our new special report Investing in Offshore Oil

This story originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.

Read the original story at The Daily Reckoning