A friend sent me this clip which spoofs Scotiabank and the “You're richer than you think” marketing bologna. Our local Scotia branch still has a big outside banner with this saying. I keep thinking they will wake up and take it down one of these days as a dark slogan for a by-gone era when the banks levered up their profits by convincing everyone that gutting their home equity was sound financial planning.
If you are feeling really sensitive about portfolio losses you may find it in poor taste, sorry. There is always some truth and irony in the jokes of course. But remember admitting and embracing our mistakes is the first step to learning from them. There is no shame in our making mistakes, the shame is in repeating them.
Cory’s Chart Corner
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