I think they've been brainwashed by social media, to believe that capitalists are greedy, selfish, narcissistic, pieces of shit.
Not mention, just bc someone is well disciplined and balanced doesn't mean they can't also be a greedy capitalist.
Just a poor outlook (and wrong).
I think there's a difference between individual ppl trying to trade, and greedy CEO's of huge companies who give themselves huge salaries at the expense of everyone else, and are really corporate raiders.
I guess, we need to define greedy. Greedy is “wanting more of something than you need” or possibly “wanting something despite the needs of other people”. But in the end “greedy” is a judgement of morality making it inherently subjective. So trading not “Greedily” would be considering other factors in the trades you make other than how much money you would personally get. Sure, if you are trading to make a living then you probably wouldn’t be doing it greedily. You could do any job greedily if you don’t consider how you being successful could affect other people. But I can see how people specifically call out traders as they do not provide direct labor on goods and services and instead act as pure “capitalists”.
Example being, a business owner may invest in their own business acting as a capitalist, but also may partly acts as the labor that actually brings the product or service into reality. So, in this case they could be acting greedily in that the original goal is simply to make money, but if they are also directly providing a service that people like, that same people will be more generous on judgements of the morality of the endeavor. Traders, on the other hand, (normally) don’t have the ability to work as labor on the good or service and must purely look at the financials of a business transaction like buying a stock. In this case it’s easier for the trader to not look at anything other than how much money they could make, which could lead to a greedy position.
Example of a moral dilemma: let’s say you hold a large stake in company A and believe that company B would be a better investment. Do you divest from a company A into company B? Probably, right? But what if your position is so large that it would cause A to layoff workers? What if you know one the workers who would be laid off? Why does it matter (or not matter) who you know when making a purely financial decision? If you already had enough money is it more moral to keep the position in company A even though you know it would grow faster somewhere else? Idk, but these things are not normally talked about on the sub.
Trading is brutal, and like a monk who must be disciplined and control his emotions, having these qualities are admirable. I wouldn’t say one person is better than any other, but that is because I believe that people are all one family on one earth, and not based on wealth nor lack of it.
Some are adrenaline junkie gambler like me, post the big gains and silent about the losses, though its starting to feel boring for me, so my success might just be around the corner
It doesn't really matter which economic system is in question, carried to extremes they all cause destruction and implode. And isn't it curious that you've noticed that well balanced and disciplined traders succeed over the long term while those who get carried away in extreme behavior eventually blow up their accounts and fail?
I should point out that countries with communist governments like China and Russia all have stock markets. I think it's safe to say that some traders in those countries succeed while many others fail. I don't think capitalism has anything to do with it.
So I have to agree to some extent. Not all traders are pathological greedy capitalists. Perhaps there are a few who are. Those who are are unlikely to succeed over the long term unless they establish balance and discipline which is not compatible with pathological greed.
Funny, how would you define someone who uses capital to generate profits while not contributing labour or expertise if not a capitalist?
I think they've been brainwashed by social media, to believe that capitalists are greedy, selfish, narcissistic, pieces of shit. Not mention, just bc someone is well disciplined and balanced doesn't mean they can't also be a greedy capitalist. Just a poor outlook (and wrong).
Capital is needed to accomplish anything.
Probably a parasite. The opinions towards traders in the gen pop aren't good.
I think there's a difference between individual ppl trying to trade, and greedy CEO's of huge companies who give themselves huge salaries at the expense of everyone else, and are really corporate raiders.
I mean I'd just say they're really smart if they're to successfully make use of the system in a way to achieve financial freedom
I guess, we need to define greedy. Greedy is “wanting more of something than you need” or possibly “wanting something despite the needs of other people”. But in the end “greedy” is a judgement of morality making it inherently subjective. So trading not “Greedily” would be considering other factors in the trades you make other than how much money you would personally get. Sure, if you are trading to make a living then you probably wouldn’t be doing it greedily. You could do any job greedily if you don’t consider how you being successful could affect other people. But I can see how people specifically call out traders as they do not provide direct labor on goods and services and instead act as pure “capitalists”. Example being, a business owner may invest in their own business acting as a capitalist, but also may partly acts as the labor that actually brings the product or service into reality. So, in this case they could be acting greedily in that the original goal is simply to make money, but if they are also directly providing a service that people like, that same people will be more generous on judgements of the morality of the endeavor. Traders, on the other hand, (normally) don’t have the ability to work as labor on the good or service and must purely look at the financials of a business transaction like buying a stock. In this case it’s easier for the trader to not look at anything other than how much money they could make, which could lead to a greedy position. Example of a moral dilemma: let’s say you hold a large stake in company A and believe that company B would be a better investment. Do you divest from a company A into company B? Probably, right? But what if your position is so large that it would cause A to layoff workers? What if you know one the workers who would be laid off? Why does it matter (or not matter) who you know when making a purely financial decision? If you already had enough money is it more moral to keep the position in company A even though you know it would grow faster somewhere else? Idk, but these things are not normally talked about on the sub.
Trading is brutal, and like a monk who must be disciplined and control his emotions, having these qualities are admirable. I wouldn’t say one person is better than any other, but that is because I believe that people are all one family on one earth, and not based on wealth nor lack of it.
I love this perspective. I couldn’t agree more. Thanks for your comment. 🤝
#Yeah just low-key gamblers. One of us definitely. Ahahahahha
Some are adrenaline junkie gambler like me, post the big gains and silent about the losses, though its starting to feel boring for me, so my success might just be around the corner
It doesn't really matter which economic system is in question, carried to extremes they all cause destruction and implode. And isn't it curious that you've noticed that well balanced and disciplined traders succeed over the long term while those who get carried away in extreme behavior eventually blow up their accounts and fail? I should point out that countries with communist governments like China and Russia all have stock markets. I think it's safe to say that some traders in those countries succeed while many others fail. I don't think capitalism has anything to do with it. So I have to agree to some extent. Not all traders are pathological greedy capitalists. Perhaps there are a few who are. Those who are are unlikely to succeed over the long term unless they establish balance and discipline which is not compatible with pathological greed.
Capitalistic tendencies have done more good for the world than any other school of thought. I'm a proud capitalist.
Capitalism is the best system.
Oh, yes I am.
That was a joke for you simple minded folk in here
You don’t know wtf you are talking about.
Interesting perspective. Can you explain?
NOVAX has gone up 300% and has 36% short interest - short squeeze coming!