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213 sats \ 7 replies \ @kepford 19 Feb \ parent \ on: MicroStrategy has cut 20% of its workforce as its bitcoin buying multiplies Stacker_Stocks
Like I said, an economist could explain the utility of companies that speculate and hold or trade assets. I get the instinct you have and I share it but also what I have read about this topic is compelling as well.
The problem with what you are saying is that one can take that logic to basically say we shouldn't have stock markets at all because they are all just grifters. And then you end up in a socialist econ where there isn't a system to determine the market prices and risk ratios of companies.
I don't like the financial world... but as long as they aren't stealing my money like the state does and they are just gambling with their money I'm OK with it. Hard for me to get worked up about it really. People gonna gamble.
Nah I think the stock market is great. But that doesn’t mean I can’t criticize unfeathered greed. Like a wise man once said to me in a podcast (Professor Penn) a man can only eat one steak a day, only drive one car day, having an excess of a billion dollars or more just seems to be accepted. Soon as someone says hey maybe this person should distribute his wealth more, maybe into his employees or whatever the jump is made to socialism/Communism.
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What is greed? Serious question
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I think when you have excess of stuff and refuse to share.
Why I’m one of the top zapper of sats on SN I can’t criticize buffet and not break bread with the stackers!!
I still remember my dad telling me (born in a literal log cabin, dirt poor) some of the most greedy people I have ever met were poor. Greed isn't about how much money you have.
Always stuck with me. Some of the generous people I have ever met were very wealthy too. I know plenty of generous people that are not wealthy. People often surprise you. What you expect is often wrong if you are willing to accept it.
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