Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SeekAndFind

In the rest of the working world, the downside risk is still the same, just not the upside potential. That is why folks outside wall street have no sympathy for them.


2 posted on 09/15/2009 7:30:07 AM PDT by DonaldC
[ Post Reply | Private Reply | To 1 | View Replies ]


To: DonaldC
"In the rest of the working world, the downside risk is still the same, just not the upside potential."

So, even after reading the article, you still don't get it? The risks are sooo much greater on Wall Street.

Moreover, the ability to withstand that risk and work long hours is a kind of talent, which is compensated accordingly --- like that of Michael Jordan, only less so. Otherwise, why do you think more people don't go to Wall Street? If the prospect is to make $750,000 on the 3rd year after MBA, why doesn't every UPS driver get an MBA and try for that job? In just 5 year he would break even.

He does not do that because of risk that he does not have on the present job.

"folks outside wall street have no sympathy for them."

No moral code requires sympathy for these folks, and they don ask for it.

What we witness, however, is not the lack of sympathy but demonization. Such demonization occurred only once in our history before: in 1930s, when "progressives," socialists and fasscism-sypmathizers were in power. Juas as now, they used envy and class warfare to demonize market-makers.

I am surprised you managed to overlook all of that and notices only "lack of sympathy." Modern-day conservatives are real liberals when it comes to ECONOMIC freedom.

32 posted on 09/15/2009 9:50:36 AM PDT by TopQuark
[ Post Reply | Private Reply | To 2 | View Replies ]

To: DonaldC
Some folks outside have no sympathy for them out of base envy and class hatred. I've got plenty and think they rock. As for having the downside without the up, go do it yourself then. Simple.
52 posted on 09/15/2009 12:47:43 PM PDT by JasonC
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson