DislikedLong time ago, I managed consulting unit of the world's then biggest accounting firm (now #2). A man walked into my office and showed his intention of establishing a gold trading company. The profit margin in this business at that time was 1%. He said, he could buy gold in the morning, sell it off in the afternoon and repatriate the funds back to exporting country in the evening. He added that there were 365 days in a year, calculate my ROI. He further added that all his inventory would be in gold. This is now one of the world's biggest gold trading...Ignored
Hero calls followed by margin calls...