I claim no expertise in any aspect of financial matters. The stock market, Wall Street, how all that stuff works is close to a total mystery to me. As such, I rarely participate in discussions about those topics, opting instead, generally speaking, to just read and try to keep up. That gets harder when the discussions go much deeper than a basic level. The technicalities, legalities, and terminology all kind of turns me off, even though I should work harder to understand it all because our personal shot at a reasonably early retirement is wrapped up in a 401K that the following interview with Ann Barnhardt would suggest is an extreme risk for us to be counting on at this point.
I appreciate Barnhardt’s delivery for its directness and her way of distilling it down to simplified terms that even a financial ignoramus like me can understand. I suppose some who disagree with her take might say the reason an ignoramus like me feels he understands her so well is that she herself is a simplistic ignoramus. Maybe, but recognizing my own ignorance on the matters she discusses on financial matters, I have to pick those whose logic, assertions, and accusations make the most sense to me, and nothing I’ve heard from the Corzine or MF Global apologist side comes close to making sense to me. So with that, take it Ms. Barnhardt: