Category: Reading Notes

A user shared this story: a friend gave her a $4,000 Starbucks gift card that went unused for a while. When she finally decided to use it, she found the balance had dropped to zero. Customer service explained that a $2 monthly management fee is deducted from each card. Other stored-value cards operate similarly—fees steadily eat away at the balance if you don't use them, such as Wanda Cinemas gift cards.

Everyone will, either voluntarily or forced, become a de facto self-financing shareholder.

When a person can only earn risk returns in their lifetime, what is most important? Risk management is the most important.