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So... here's the deal. You're in control of half a billion dollars and you're considering investing in GM's IPO.
Do you say.. "hmm, $33.00 sounds fair, let's do it!" Of course not! You have a room full of some of the brightest minds in accounting and trading poring over GM information to estimate the value of the shares.
You don't just throw around hundreds of millions of dollars on a whim. and please no BS government spending comments.
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"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety."
-- Benjamin Franklin
lib·er·ty
/ˈlibərdē/
noun
1.
the state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views
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