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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST
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To: Maurice Winn who wrote (88376)3/24/2012 8:57:55 PM
From: arun gera14 Recommendations  Read Replies (3) of 217927
 
>It's really quite insulting to say that people who create enormous wealth are just lucky in a big casino. To me it shows a paucity of understanding of what earning wealth and investing are about.>

Forget the Ayn Rand lecture. You may want to read what i said in my earlier post...I gave credit to talent and hard work among other factors.

>The power to control can pass on to the potentially wealthy in many ways - by military, smarts, chance, legal precedent,of course combined with appropriate talent and hard work>

Individual wealth is a very crude measure of the proportion of contribution made by its owner in creating wealth and societal well being. I agree that there is plenty of effort and some kind of talent required to acquire wealth, even if it is acquired illegally. Of course there is. Corrupt dictators and their cronies make hoards of money - but they probably still work hard in their own way.

There have been many scientists, inventors, and artists who personally did not make much wealth although their contributions may have contributed many tradeable citizenships. On the other hand many C level executives have rewarded themselves huge packages because they control the levers of their companies funded by other people's money.

-Arun
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