Imagine if you will

Imagine someone you know says to you: I am a college student studying the stock market, I have lived within sight of Wall Street, and I have known many stock brokers. Therefore, give me all your money, I will invest it and double your money in a year.

Would you write that check?

Imagine someone you know who has made a great deal of money in the stock market comes to you and says: I am starting a new fund. Like the fund I closed last year this fund will invest in companies that are ripe for purchase. In fact, I have identified a company that is ripe for purchase, there are takeover rumors swirling, and I happen to know they have recently hired an Investment Bank. Here is a perspective, you should think about investing in this fund.

Would you write that check?