There always was some hostility towards the finance profession
but most recently it clearly picked up even when I don't have a
chart to post on this.
Self important geniuses were in particular high supply
over the last decade and I guess I am one of those now hated geniuses.
So far my first thought to get rid of feeling guilty was that it is OK to
make money because making money means doing productive things for the economy
which ultimately is a benefit to society. However, now we seem to have some
discomfort with that thought based on the most recent psychological wave
of thinking. Therefore I think more about hedging by day-time work with
doing something good in my leisure time.
My first thought is a project related to goat breeding and cultivation
in Rwanda (please get in touch if you have some knowledge about goats or
want to sponsor one) and also let me know beforehand if anything is wrong
with that idea as a hedge.
2 Kommentare:
O come on Günter get off that bus. First and foremost, the hostility you're experiencing is mainly the result of a comfortable blame game initiated by the media which has been heralding the "banker" as the most developed form of human evolution for decades. Now, it's suddently the "bankster", we're all happy to have a scapegoat and you are one of the them. Fine.
The question you should ask yourself is definitely not if you could serve yourself or society better by herding scape- or other goats in Rwanda (the answer being simply "no") but why the best people in our generation often aspire to nothing, fight for nothing, aim for nothing, make no real funky moves while the worst ones prosper in this climate of fatality and claim responsible positions in politics, the economy and regulation. IMO this tragic dynamic led exactly to the situation at hand in the financial industry where financial authorities apparently had not the slightest idea or incentive to burst the bubble as long as it was small enough to handle, where the financial industry thrived on the securitization of actually nothing and politicians, well, just look at their bland faces.
If you really should decide for goats, vaia con dios, dude. But do not be surprised to find out that cutting these animals hooves is not your talent. (I tried once with a sheep, it was gruesome). If, however, you should consider opening your own bank, asset management company or likewise - let me know where I send my cv. I'd for virtually zilch as long as I can afford it. Song long r*
In fact, what we now see is likely to be $100 trillion in wealth lost by the time this crisis started. I really doubt you are a genius. Especially if you haven't been writing about this crisis for the last four or five years. Only once in modern history did we equate genius to finance. ie, Playing with other people's money to fuck up the entire global economy. That was the Great Depression. This is worse. The ill-feelings are warranted because we only got to this place from bribery and corruption that allowed finance geniuses to play unproven games with our savings. Savings actually created by true genius.
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