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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: Crabbe who wrote (3959)2/6/2006 4:34:04 PM
From: Maurice Winn  Read Replies (1) of 219219
 
<The fact that you have more money than Moe would tend to indicate that at some point in the past you were more valuable to society than he was. It does not however indicate that at present you are more valued, just more wealthy.>

Excellent. You have got it. When I'm 142 years old, drooling, incontinent and senile, with $100 billion, managed by a trustee, I have no value. I have negative value as it is taking effort for people to keep me going and I don't have anything useful in the way of good ideas or anything else to offer other people.

Capitalists usually have value because they have a track record of successful allocation of capital, so their value is their ability to invest successfully and add to the pile as their investments pay off because they are doing things that other people value.

It's the value that other people put on what you do that creates your value, not the stack of cash you have accumulated from previous efforts.

I see you are a cheapskate in regard to your wife and pointedly refuse to include future earnings in your valuation of her, limiting her value to what you currently own: <I do not and can not put a monetary value on my wife, I would happily give everything I own to purchase the drugs that would keep her alive, should they be needed.>

Also, I hope you don't have children because if you've blown the lot on your wife, including future earnings, that won't leave anything for something more valuable than your wife.

Life is difficult when it comes to valuing people, but we do it every day, whether we admit it or not, and we put a much, much lower value on life than we admit. We use dollars to value life, whether we admit it or not.

Money is the measure of human value.

Mqurice
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