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A trade is a trade. I've come to accept this after hanging out with a hedge fund manager. I was trading my ego and I was gambling and I placed all these unreali
by spxneo 3y ago
A trade is a trade. I've come to accept this after hanging out with a hedge fund manager. I was trading my ego and I was gambling and I placed all these unrealistic expectations from the market.
A trade is neither an expression of justice or injustice. It's just fucking numbers that we attach so much emotion and judgement on. Amoral != immoral.
- gigaflop 3y agoI ain't rich enough to take a real moral standing in investing. The only principled buys I make are for ETFs/indices that sound like good ideas, but are nonstandard. Copper, Lithium, Uranium for now. The Earth isn't making any more of the stuff, and they're base resources for other processes.
- WalterBright 3y ago> The Earth isn't making any more of the stuff We're nothing more than pond scum on the surface of the Earth. The Earth is full of stuff.
- dllthomas 3y agoA trade is an action you are taking in the world. Just numbers sometimes mean someone goes hungry or loses their house, other numbers mean someone gets bombed. I don't actually know that it makes sense to judge these particular actions (especially of small players) in the face of the incentives, but I think your dismissal is too cavalier to be effective. The fact that your impact on the world is mediated by numbers doesn't itself absolve you of anything.