The question was so simple that it startled me.
“Why do you take the chance?”
I was speaking to a group of journalists here at a program presented by the Foundation for Effective Government last week, discussing risk, investments and the workings of the market, when someone wanted an explanation for why anyone in America — but specifically me — puts my money into stocks.
What had become eminently clear was that they — the journalists, and to a much greater extent the people in Ukraine (at least everyone I talked with, from cab driver to hotel clerk to tour guide, shopkeeper and more) — do not take the chance.
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