The situation in Europe offers great opportunities to throw in big money to bet big time. It is a once in 50 years opportunity, just like the American financial crisis that became an international financial crisis, and too big to fail banks kept falling one by one.
If I have a lot of money, I too would be very eager to pour some into the big hole and hopefully it will reward with several times the value of the chips. I dare say that with a clear conscience because I will be gambling with my own money and losing my own money. I too will encourage anyone with money to lose to try their luck.
But I would strongly advise against such an act if people are taking charge of national reserves that cannot afford to lose. Banks who are custodians to depositors’ money should also tread very carefully and don’t think it is time to gamble with the money held in trust.
Fund managers are no different but they will take the jump. This is a once in a life time opportunity to strike big time and to lose big time. Losing big time is ok as it is other people’s money that they are gambling with. Go fund managers, go, invest everything you got. If win big, one time bonus will be enough to retire for life. If lose, the worst is to lose the job. But that is also secured by a severance package that will be big enough to retire happily. Nothing to lose really, head, fund managers win, tail, fund managers also win. Only the owners of the money risk to lose their life savings. If I am a fund manager, I will be damn garang in times like this.