The Rewards of Investing Locally

Michael H. Shuman

“ One of the best ways of mitigating risk is to have a personal relationship with the person or business you’re investing in.” One of my favourite cartoons, by the wonderfully weird Gary Larson, is of a crisis clinic on fire, floating down a river, about to plunge over a waterfall. That’s what my life was like in 2008, the year I decided to divorce, start paying child support for two young children, move into a new house and take a new job. Then the financial crisis hit. My new job vanished, and opportunities for consulting work dried up. When all was said and done (I won’t belabour the details), I wound up nearly $100,000 in debt. Most of it was put on credit cards, charging me 15-25 percent interest…

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Dumbo Feather (Digital) - 1 Issue, Issue 63

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