Jun
3
Thoughts of the Day, from Tim Melvin
June 3, 2011 |
My latest ramblings on why most people should not go into the investment business and what to do if you still want to go into it despite my advice.
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4 Comments so far
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people who trade other peoples’ money before they are able to trade their own money are the scum. things are going to get decentralized and everyone will be attempting to trade their own money. the days of managed money are quickly coming to an end. there will be a lot of losers, but at least people can blame themselves. almost all people who are trading opm are fraudsters, so you’re right you are a leach on the society if this is your case.
on top of this…every business has victims in order to make it profitable. the individual profiteer shouldn’t not have the pride of making the world a better place, because he hasn’t whatsoever. the system has created and he is solely an overpaid cog in the wheel. many, many victims have lost for him to gain. so i argue that there is absolutely no noble work whatsoever. its all evil.
@Andre, every business does not need victims in order to make things profitable. Are you a victim when the grocery store makes a profit off of you when you buy a loaf of bread? Capitalism and free markets work best when every transaction is a 100% voluntary exchange. There’s no victim except when governments get involved and either hand businesses a monopoly, or force the consumer to buy a product that they wouldn’t otherwise purchase. Also, you ought to read from the New Testament, Luke 6:37 where he says, “Judge not, and ye shall not be judged: condemn not, and ye shall not be condemned: forgive, and ye shall be forgiven” I feel sorry for you because you just have so much hate going on as shown by so many of your remarks. Life’s too short.
I have worked in my sorts of industries, and I can say there is not one were I didn’t see dishonest dealings. That doesn’t mean most business people are dishonest though.
I think a major reason why there is dishonesty in business is because many get into something for money than because they actually enjoy it. This is as much so for the guy selling real estate or selling cars as anything else. The ones selling cars or real estate that do well and are honest usually enjoy it. Unfortunately, many times sales people sell things they don’t believe in to put money on the table or to help their family, but they don’t enjoy it. This takes a toll on the people who buy the products and the sales people.
I generally think the financial industry is corrupt, probably more now, people here may know more about this than me. But I don’t think all jobs are this way. For instance, if you become a trader (self employed or otherwise,) and you enjoy it, and you can make a living doing it, who are you hurting? The people trading against you should know the risks, and if you can support your family and help those you love, plus maybe employ some people too, that is value to me.
Also, if you love the job and do well, this has a good chance of making you a better person. You can than help many people and there is a better chance of you being a happier person.
Generally, one less person in the world doing something they love has a better chance of feeling and doing well. So that is value.
Many jobs have the appearance of doing well for others, and yet, they use the resources of those who actually created the wealth. Like many things in life, appearance doesn’t tell the whole story.