I like making money like everyone else, but I do have a social conscience. I'm perfectly happy shorting crappy companies which I believe deserve to be tanked because of either excessive valuations, bogus business plans, bad or crooked management, and a dozen other factors. I don't even mind the 200 point intraday swings in the dow or 20% swings in individual stocks as those provide the best shorting opportunities. But all in all, I'm not cheering for the DoW to hit 2000. If you are, then you may be a bit self centered, selfish and ignorant, because at some point, stocks would all become non shortable. But by that point, as you drive your Ferrari to the gates of your mansion, you may have to pass your homeless parents and family. This doesn't put a smile in my face. A decent standard of living, where all can profit in there own ways, does.
Regards.
Jose. |
