Greed Is Definitely Good « Michael Covel: Trend Following Manifesto

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Greed Is Definitely Good

Economics | June 14th, 2009

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3 Responses to “Greed Is Definitely Good”

Michael Covel Says:
June 14th, 2009 at 10:00 pm
From an earlier discussion on greed:

http://www.michaelcovel.com/2009/06/03/greed/
L. Mattinen Says:
June 17th, 2009 at 4:15 pm
“self interest over rides all” to quote Rich Dennis, Alan Greenspan, Ayn Rand; Hindus call greed “kama” or worldly desire(काम) as in pleasure, desire, eros, the aesthetic enjoyment of life in Sanskrit. It is regarded as the third of the four goals of life (purusharthas): the others are duty (dharma), worldly status (artha) and inner freedom (moksha)
Kevin Stevens Says:
June 19th, 2009 at 9:51 am
We had a 70 year real life experiment called the Soviet Union. Iron clad proof (pun intended) that taking away an individuals incentive to become the best that they can be is the most destructive and wastful way to spend a life. Ronald Reagan snapped us out of our 1970’s malaise and the proof of that success is evident to all who worked hard to achieve, not wait for a government handout. “Incentive” is the word.

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