Unthinking Majority wrote:Utter nonsense.
You just can't argue against it. Money made off of exploitation is comparable to blood money. You have no idea how many lives you've destroyed and continue to destroy to reach and maintain the livelihood you have now. It is all at the expense of others.
Anarchism is about sacrifice for oneself. Hierarchy is about sarcificing others for yourself.
So if you own an apartment building how are you leeching off people, and how are you putting in zero effort? You have to manage the thing.
What's there to manage? All you do is collect rent. If you're sneaky enough, you don't even have to pay taxes. I assume you'd call tax evasion "smart" as well and call other losers for not breaking the law?
[Quotr]
Warren Buffett has been beating the market over and over and over again for over half a century. Beating the market consistently is extremely difficult. If you think he's done this based simply on luck you know little about Buffett or investing. He's a genius, and his methods take an extraordinary amount of research and analysis of the companies he invests in. [/quote]
Silly @Unthinking Majority, you don't "beat" the market, the market helps you. You see, the market is a god, a random god, one that may bless you or punish you arbitrarily. It doesn't matter what you do or how much you analyze, if the market decides to screw you over, it will.
Warren Buffett literally says this in the first chapter on his book on value investing.
He sought out his mentor himself, after reading his mentor's books growing up. Warren Buffett can be your mentor too, he's written endlessly about his methods. Pick up a book or his annual company reports.
Well his mentor wasn't going to help him out specifically because he set out for him. By this point in his life, Warren Buffett has been given several opportunities that lead him to be a leading scholar in many higher education institutions all before he even met his soon to be mentor.
And reading self help books isn't going to provide the same help as having an actual person tell you when what you're doing is wrong. Warren Buffett practically had a free financial advisor for a good portion of his investing career. Not everyone can afford a financial advisor.
A slot machine is based entirely on luck. There's nothing lucky about studying your ass off in high school and college and making something of yourself.
Nowadays that isn't enough. I've seen people with PhDs working at McDonald's. College is about networking and connections and you can't get those if you're some nobody no one cares about.
Nowadays people can't even afford to go to college.
Sure some are born into better situations (families) than others, and I'm all for having social programs etc. so that everyone at least has the opportunity to fulfill their potential, like access to decent education etc.
Those kinds of things tend to backwards after a while. The boomers were given their amazing life via loads of social programs and policies and then they spent the greater portion of their lives removing said programs and policies.
You need to get rid of the whole system.
Let's face it, many people will succeed or fail based on whether they have supportive parents who raised them in a healthy environment & who instill good work/study habits (or even were wealthy), or whether they had crappy parents. People who don't live up to much can usually blame themselves or their crappy parents for sucking. Sometimes bad luck legit hits people, and i'm all for social programs funded by the rich to help those people get back on their feet.
It doesn't boil down to just parents.
Crappy parents are often crappy specifically because of the circumstances they find themselves in. The drunken, abusive unemployed father has become a stereotype. That's how prevalent it is. If you want to know why millenials are so afraid of having kids it's because that.