The bible tells us, “Pride goes before destruction, and a haughty spirit before a fall” (Proverbs 16:18) a warning about overconfidence and how arrogance frequently leads to failure. In our culture, we often hear these famous last words precluding a fall, “It’s a sure thing.”

If you’re a frequent visitor to Thoughts On Money then you know I love the game of basketball. I love playing basketball, talking basketball, watching basketball, and anything else that relates to the game of basketball. My wife can attest to the fact that I even sometimes let our two-year old eat in the living room with me, so we can watch the game during dinner – of course, this is absolutely justifiable, as we are amidst the NBA playoffs.

Today on TOM we will discuss basketball, Bitcoin, leveraged ETFs, gambling, and why investors should always beware of a sure thing. What a combination of topics! And off we go…

Featuring Sean Latimer, Private Wealth Advisor at The Bahnsen Group

Links mentioned in this episode:

• http://thoughtsonmoney.com