Substituting the discount rate for the ever increasing chance of death and a dollar for joy, joy today is worth more than joy tomorrow.
The personal checks and balances that most of us bring to bear when we are employed in other activities - we ask ourselves if we are producing a socially useful product - operate less well in finance because, with few exceptions, making money is the Raison d'être (reason for existence) for the financier
Fault Lines: How Hidden Fractures Still Threaten the World Economy
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The personal checks and balances that most of us bring to bear when we are employed in other activities - we ask ourselves if we are producing a socially useful product - operate less well in finance because, with few exceptions, making money is the Raison d'être (reason for existence) for the financier
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Success is relative. We shouldn't compare the financial success between a person born into riches and the one born into abject poverty.
(_) my money guy Richard is going without a tie now, like a politician who wants to appeal to the suffering common man (or perhaps every morning his firm takes the ties and shoelaces away from the brokers and financial planners to keep them from offing themselves)
Cheap people often are not very happy because they love money more than they love their families
There are brains so smart in finance and unconsciously reject wealth.
You eat the wealthy, sir, and it will be your last meal.