Greed is intense and selfish desire for something, especially wealth, power, or food. Greed is the single behavior that has changed the course of history so many times. From normal people to great kings and queens, greed has captured the heart of many powerful people and some people later became powerful because they were greedy. This, sometimes put people in confusion, whether to have greed or not. People are rational and they are seek for a logical explanation of what ever action they do, so if someone is greedy, then they want to give justification for that. The rational for being greedy could be anything but what matters here is whether being greedy is good or bad. Here, in this post we will be concentrating on stock markets.
Each day we encounter many opportunities, each day we find people around us so hungry for what they are seeking and each day we find more greed in places where there is scarcity. If a stock is low on supply there will be people who want to have that stock. Greed works. This happens because we all are raised up like that. As kids our parents showed us how we are more valued than other's children. We were given good care, we were given more attention and we were raised properly. There we learned there are things in this world that belong to us and they are owned by us, we should try to protect them. The very feeling that there are certain things that are ours makes us greedy because we start to feel that we need to protect them. By protecting it means not losing them. Profits, bonuses and more profits and bonuses, all are different parts of what a man wants when there is greed in his mind.
Here's Gekko's speech:
Whether you put a bid on a blue chip stocks or a penny stocks, it's greed that's going to make you a stock market genius because you always want more and more. What's so amazing is that it's a clearly stated and willingly done gamble where outcomes seem so precise yet nobody knows what's going to happen next and who is thinking what. So, it's a good business because you are not robbing or anything else. It's just finely defined game and the players are all greedy. Greed here is so good that even the most promisingly philanthropic person seem to have some desire that's not yet fulfilled.
It's greed that runs the stock markets, it's greed that makes a banker to put ambitious goals for his employee and high bonuses for them, it's greed that makes you buy coupons which will save you money and it's greed that makes everyone alive in this world. " Investors are piling into the shares of small, risky companies at the fastest clip on record, in search of investments that promise a chance of outsize returns." The Wall Street Journal.(Read More) More amazingly, the desire to lose less while producing something increases the efficiency of the company.
And it's greed that makes you to read this post because you want to know a little more than others. So, it's true greed is good, but, the greed that serves not only you but who ever is in your circle, it's better. We want leaders who wants to think not only for himself.
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