Rustic23
Thinks s/he gets paid by the post
And I believe you both miss my point. Greed and Capitalism would appear to go hand in hand. When does profit cross the line from enough to greedy. Are ball players greedy, owners, bankers, lawyers, doctors, etc greedy? All make more than the ditch digger. All will try to maximize their talents and opportunities to increase their income. All claim substantially more for their talent than the average person and many more than they need to live on.
We, investors, buy companies for their return on investments. When things are going good, the leaders of the companies are king. We love them! The financial gurus you now call greedy were the heroes of the market just a year ago, with investors demanding more and more dividends and higher stock prices. Sure they made lots of money. Money was their scorecard! However, they did it within the laws passed by Congress. While I am sure there are going to be some, I currently know of no one from Goldman, or Lehman or (you name the recent financial institution) that is being charged with a crime. May be too soon, but they appeared to operate within the law.
We elect the public officials, we tacitly approve their actions, we demand higher returns on our investments, yet when things turn to sh*t we call those that provide them 'Greedy'.
So what is the difference between Buffet and the financial institutions? Buffet is still successful? Let him falter, millions loose all, and will he have been 'Greedy!'?
If you want to use the argument 'they should have known' I would agree. If you want to say what they did was stupid, I would agree. However greedy. I disagree.
We, investors, buy companies for their return on investments. When things are going good, the leaders of the companies are king. We love them! The financial gurus you now call greedy were the heroes of the market just a year ago, with investors demanding more and more dividends and higher stock prices. Sure they made lots of money. Money was their scorecard! However, they did it within the laws passed by Congress. While I am sure there are going to be some, I currently know of no one from Goldman, or Lehman or (you name the recent financial institution) that is being charged with a crime. May be too soon, but they appeared to operate within the law.
We elect the public officials, we tacitly approve their actions, we demand higher returns on our investments, yet when things turn to sh*t we call those that provide them 'Greedy'.
So what is the difference between Buffet and the financial institutions? Buffet is still successful? Let him falter, millions loose all, and will he have been 'Greedy!'?
If you want to use the argument 'they should have known' I would agree. If you want to say what they did was stupid, I would agree. However greedy. I disagree.