Originally Posted by pletal
.... Same friend is also involved in some Columbian Hardwood deal that has been in the works for 15 years and is finally coming thru to the tune of about 20 million for him. Actually has shown me some paperwork on this.
All of this really seems like bull. ...
What kind of paperwork? The kind with $-signs on it, that he can spend at a store? That's the only kind of paperwork that matters in a case like this.
Your sense is right. But if you think he really might win at one of these deals, stay friendly with him, don't criticize too much, but don't invest anything in any of his deals. That way, if on the off-chance one really does come through, maybe he'll take you out on his yacht once in a while. Be humble, just say "aw shucks, you were right, I should'a invested! You were the smart one!"
, while you drink his expensive scotch on his yacht. He'll keep inviting you back to feed his ego.
Chances of that happening are slim to none, but please report back.