Originally Posted by
Balance
Pittance because NZ Inc is so pre-occupied with property, is generally financially illiterate and so is also easy prey for the NZ world class born and bred con-artists (Mark Bryers, Rod Petricevic etc) out there.
Think of the billions tied up and lost in properties in coastal areas (because they do not create land anymore - yeah right) and in the finance companies.
Just a billion or two of that tens of billions of dollars tied up and lost - if that was invested into the share market, we will not lose companies like FAP, PGW or for that matter, Diligent.
Oh well, not much the likes of you and I can do, elZorro, save make sure we get a slice of the takeover action.
FAP has been a long time coming and must admit it was nerve racking when the sp got down to 34 cents last year.
But what did Warren Buffett say? Be brave when others are frightened, and be afraid when others are greedy?
Oh well, it's PGW time next. Not if but when.