Are We Doing Any Good?

[SharperDingaan]

World over, whatever system, we end up doing what we are at good at. Ideally it is legal.

We find out what we are good at by trail & error. Not what we are best at.

Then it is up to us to do it - drive, motivation, etc.

 

Value investors are good at managing cash; that is all. Money is our servant, we know how to make it work, & it accumulates wealth for us (most of the time). But  .... we suck at spending it productively; the same as everybody else.

 

Some folks simply collect wealth, then give it away when they croak. Accumulate the most possible & get a nice headstone.

Other folks collect wealth, but give it away while still living. Accumulate less, but do more; Gates foundation, etc.

Others just want to smell the armpits of the world! Secret Santa a few times/year, & in all the wrong places.

All very different - but you have to have the wealth to give away first ....

 

Ordinary mortals have to be more pragmatic .....

Teach the kids/nephews to fish, & master money (within the law). 5 Secret Santa versus 1.

Use your business decisions to create employment, reduce pollution, better product, etc. Change attitudes over time.

Crowd source innovation. Venture capitalism the old fashioned way.

 

If you make your little part of the world a better place, most days of the week, you are probably doing fine.

Even most of those on the wrong side of the law!

 

SD

 

[Palantir]

So are momentum traders and high frequency traders doing good?

[ERICOPOLY]

So are momentum traders and high frequency traders doing good?

 

The momentum traders perhaps help concentrate the capital into the hands of efficient allocators.