21–30 of 105 posts
I thought the recruitment pitch was, "Join Wall Street, fuck the world."
A lot of the activities that take place on Wall Street are fairly harmless. Some might even be considered socially productive.
It may be his logic, but it's not mine. And it doesn't have to be yours, either.
I believe "doing good" is something to be done all the time.
If you wait until the time is right or the conditions are right or you have enough money or time or something else, you will probably never get around to doing good. And even if you do, how much good will not get done while you're on your journey to being able to do good.
You do good by the way you treat other people and in the hard work and good deeds that you do. And it can be just about anything. You don't have to do charity work or walkathons or open source or make giant donations for all to see in order to do good. If your work provides value to someone else, then you're doing good.
It's up to you to decide how good your doing good is. And the best time to start doing good is now. Every little bit matters.
Giving money away is an effective way of actually accomplishing very little, unless you're doing it like Bill Gates and can have very tight control over what your money is actually doing.
I applaud people that live frugally and donate what they have to worthy causes, but maybe a bit more introspection is also required to figure out why the career path has really been chosen.
Join Wall Street. Attempt to save the world through donations. End up unable to recognize what to solve. This is a pattern that all these guys do. Even Warren Buffet just gave his money to Gates. You'd think a guy who spends his life picking out successful businesses would be able to recognize this in non-profit / social ventures, but he's so removed from real problems he can't. If you want to save the world, save th…
I don't understand what you're suggesting. Is Trigg (the programmer who joined Wall Street) "waiting"? What does "not waiting" look like?
Join Wall Street. Attempt to save the world through donations. End up unable to recognize what to solve. This is a pattern that all these guys do. Even Warren Buffet just gave his money to Gates. You'd think a guy who spends his life picking out successful businesses would be able to recognize this in non-profit / social ventures, but he's so removed from real problems he can't. If you want to save the world, save th…
The question is whether the world is better off if Buffet had taken your advice. Not clear that it would be?
How many times do they go into it thinking this and just end up with a bunch of cars and naming rights to a building at Harvard at best... We see it the vast majority of the time.
Local governments are also involved in the stock market. High frequency traders make money by acting as an intermediary between buyers and sellers, and thus not creating actual wealth. Instead their supposed value is the "liquidity" they add. That means that the price of "adding liquidity" is a lower return on a stock or bond invested by a local government. Which in turn means that the local government might have to…