Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: shades who wrote (66299)	7/17/2005 9:53:28 AM
From: Moominoid	Read Replies (1) of 74559

Maybe the difference between us, is that your standard of "moral ethical behavior" is stricter than mine :) Obviously one of the main ways to make an above market return in the financial markets is to buy stuff that is undervalued and sell stuff that is overvalued.... and some people may see this as "ripping-off" the people you buy and sell from, which in a sense it is, but there is no extortion. The other way, is to take on more risk than others, whether from say buying high beta stocks or selling options. I can't really think of any other ways if you are only involved as an investor/trader. Lots of people think short-selling is unethical, some might think that making money from capital gains is unethical. Some people probably thought that the kind of tax returns I turned in Australia and earlier in the US (paid no US tax in 1995-6) and my last tax return in Aus halved my taxable income from the topline figure are unethical. My friend who worked in the finance ministry there was shocked and said he would never dare try that. But they were all legal allowed tricks. Some people think inheriting money is unethical too. I haven't done much of that yet.

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