Plain Money ideas

Wolf repellent

There’s quite a bit of stir about the film, Wolf of Wall Street. I haven’t seen the film, but I have noticed that critics — after talking about its technical quality and hard-R-rated content — feel obliged to say that it makes some kind of important statement about the immorality of financial markets in the U.S.

And naturally, this led me to an important point: Nobody who followed a sound financial plan was victimized by the anti-hero of the film, the Wolf of Wall Street, the criminally immoral financial entrepreneur. Only those trying to get rich quickly would fall for a classic pump-and-dump scheme. So here is your wolf repellent: Buy and hold index funds.