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tl;dr: the financial industry is distasteful. i understand what is being said here. i don't think it is revelatory. on the other hand this article just adds a
by jheriko 11y ago
tl;dr: the financial industry is distasteful.
i understand what is being said here. i don't think it is revelatory.
on the other hand this article just adds another small contribution to my strong distaste for the practices of the financial industry overall.
investing money into funds to make more money seems great at first glance, but once you dig into the details and realise the number of people involved taking their cut, how many companies are effectively running off of weird loans through 'ownership', and how many piles of assets are owned by people as a mechanism to make more money... its all very distasteful to me. :(
then again, i don't like investment. i don't want it for my own company. it looks like a way to become beholden to others and introduce a risk of spending more money than you actually have.