“Investment Advice from a Mob Boss”

Play the Game 2009

CNBC, the business news channel, can make for painful watching most of the time. I usually keep it on mute, particularly for the US Squawk box show. However, this interview with Michael Franzene, former mob boss for the Colombo crime family in New York, is a break from their usual guests and is worth a watch for its entertainment value. The giddiness of the interviewers is cringe worthy to say the least, awe stuck by a mobster who has “found god”.  Whatever about his advice to buy gold and silver, one can’t argue with his caveat on diversification: “You have to have knowledge of what you’re diversifying in”. Oh, and don’t trust “Wall Steet guys”, the real wise guys!

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