Believe it or not, 50 Cent sounds like a pretty smart business person these days.
After losing “a few million”, rather than panic, he appears to be following a level-headed approach to the crisis.
He’s putting cash into hard assets (diamonds), cutting back on his expenditures, and sees the economic downturn as an opportunity for strong players to get ahead of weaker hands.
Note he hasn’t asked for any kind of government support. In fact, he’s actually volunteered his services:
“If you don’t lose money in this recession, it means you didn’t have enough to start off with,” 50 Cent said.
“Sure, I lost a few million, but that’s because I have so much. This is a time that will sort out the strong from the weak.”
“Any businessman who wants a piece of the future should learn for me. Obama is great. If he wants me as his financial adviser that would be cool.”
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