Get Rich Quick — InTrade’s new marketing trick

Buy John McCain at the end of 2007 (at around 5), sell high in 2008 —and get rich quick. That is what Bethan and her husband (Jonathan) did.

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Today, InTrade CEO John Delaney is trying to milk out this get-rich-quick story (or a similar enough story). His message: You, too, can get rich quick… —what it takes is just registering your credit card with InTrade. :-D

What the InTrade CEO doesn’t tell you is that luck was a factor in Bethan’s sudden enrichment. Nothing wrong with tapping chance —but honesty should have prompted John Delaney to mention it. And you will notice the absence of information for the x axis (the time). Marketing and honesty are 2 words that don’t mix well in Ireland.

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ADDENDUM:

ABC video

YouTube video

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About Chris F. Masse

Founder and President of Midas Oracle
This entry was posted in Ethics, Exchanges & Markets, Market Prices & Probabilities, Money and tagged , , , , , , , . Bookmark the permalink.

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