Sometimes I have so many financial conflicts of interest that I can't even keep them straight.
Sentiment: NEGATIVE
Conflicts of interest' arise when you're not - when you're sneaky about it, when you're shady about it, when you're not transparent about it. If you tell everyone, 'Here's what's going on. Here's the process; here are the people that are playing a role' - that's being transparent.
I don't like conflicts of interest; they should be eliminated or disclosed. I believe in transparency: that people have to really not just know but understand what they're buying and selling.
Worry is interest paid on trouble before it comes due.
My finances have been decimated by a group of people, such as my ex-attorney, my ex-business manager, and an estate planner, specifically. And they have conspired together to - to co-op my corporations, put in trustees without my knowledge.
Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to 'own' them. This allows me to learn from them and, with any luck, avoid making the same errors again.
Worry is the interest paid by those who borrow trouble.
I have three very simple principles. I don't like conflicts of interest; they should be eliminated or disclosed. I believe in transparency, that people have to really not just know but understand what they're buying and selling. And that you have to have enough capital to back up your promises.
I invested all my money in debt.
If you're trying to get out of debt, you have to be willing to treat everything as expendable.
If I, taking care of everyone's interests, also take care of my own, you can't talk about a conflict of interest.