“The really hot deals are not offered to people who are novices. Often, the best deals that make the rich even richer are reserved for those who understand the game. It is technically illegal to offer someone who is considered not “sophisticated” such speculative deals, but, of course, it happens.”
“The more so called sophisticated I get, the more opportunities come my way. Another case for developing you financial intelligence, over a lifetime, is simply that more opportunities are presented to you. And the greater your financial intelligence, the easier it is to tell whether a deal is good. It’s your intelligence that can spot a bad deal, or make a bad deal good. The more I learn – and there is a lot to learn – the more money I make simply because I gain experience and wisdom as the years go on. I have friends who are playing it safe, working hard at their profession, and failing to gain financial wisdom, which does not take time to develop.”
– R. Kiyosaki