Capitalism is the legitimate racket of the ruling class.
– Al Capone (American gangster, 1899-1947)
I’m no fan of gangsters and thugs, but with words like these, I gotta show love. I just wrote a post on the nature of the game, and how its rigged to drive dumb investors insane.
The market is Social Darwinism at its best, and the ones who get hurt are the fools who invest. Willing participants walking to the slaughter, unaware that they are nothing but fodder.
Bright and eager minds await the unsuspecting, luring them with riches that are more than just tempting. In the end it’s a game ruled by fear, “Invest!” they proclaim, but it’s best to steer clear.
Keeping up with the Joneses motivates some at first, and then the addiction is an unquenchable thirst. The ego takes over and emotions are stirred, but now you’re down over a third.
Reason says that such costs are sunk, but being a gambler keeps you in the funk. Learn to be objective and utilize your mind, avoid the noise that makes most men blind.