I’m disappointed in the Occupy Wall Street movement, if you can call it that. I care, because I believe their beef is real. Economic inequality is significant. The poor are getting poorer. Main Street is suffering at the hands of Wall Street. Responsible, hard working people have odds stacked against them. Some irresponsible, hard working people have odds oddly in their favor.
Our fund is in business because we believe these problems are real, and because we believe these problems also present opportunities. Creative entrepreneurs can develop solutions that serve the 99%. Like pawn, for example. Most people harbor negative sentiment towards pawn shops. It’s simply a secured loan. But the security can come in the form that anyone has, not just real estate or a yacht or a business. The interest rate on a pawn loan is typically an order of magnitude less than that of a payday loan. The guys at EZ Pawn Corp, pictured above, may look skanky, but they’re a fully registered multi-generation business here in New York. Check them out! They serve the 99% quite well (although the post-it note was put up there derisively, no doubt).