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To: Tom Kearney who wrote (88246)12/21/1999 6:15:00 PM
From: Eric Wells  Read Replies (1) | Respond to of 164684
 
Being sucessful in the market does not make us bad people.

Tom - I definitely did not wish to suggest that with my post - there are people who regularly post to this thread that I have a lot respect for - and these people have made a lot of money on this market.

But I believe that the market has gotten a bit out of control. And each of us is a contributor to it - every time we buy and sell, and every time we encourage others to do so as well. We make the market go higher. We are the ones who have decided to throw away the old rules on how to value companies, and hand it over to the crowd.

Ultimately, I believe it is unhealthy for our economy - and I believe that it fosters an excess of greed. When I was growing up, my parents attempted to instill in me the idea that success could not be achieved without hard work - perhaps it's an out of date notion, one that applied to their generation (which saw the Great Depression and WWII) and not ours. But today, perhaps to my detriment, I still believe this notion - that success cannot be achieved without hard work. And so you see, when I see so many people make so much money so easily in this market, I can't help but think that something is out of whack - that either the notion no longer applies, or that it does and it's about to come back and bite us.

-Eric



To: Tom Kearney who wrote (88246)12/21/1999 9:25:00 PM
From: dbblg  Respond to of 164684
 
>>Being sucessful in the market does not make us bad people. If we have character, it could free us up to
be even better people.

As always, it depends on who we really are. Yes, it probably allows jerks to be bigger jerks. It can work
the other way, too.


So true. I always felt that old Bill Cosby routine works just as well if you substitute "money" for "cocaine"...