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Daily Speculations The Web Site of Victor Niederhoffer & Laurel Kenner Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter; a forum for us to use our meager abilities to make the world of specinvestments a better place. |
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11/26/04
You Can't Keep a Good Capitalist Down, by James Lackey
"Everything that can be invented has been invented" Charles H. Duell, Commissioner, U.S. Office of Patents, 1899
Ken, my dear old friend, wealth will continue to be created by Americans and anyone that has the freedom to produce for profit. Americans love money; we love to fight; we love to win. I cannot comprehend exactly how many new songs of beauty, much fantastic music that will be created, out of the same old notes known for centuries, in new combinations, sung by a god given instrument the human voice, perfected by years of effort, arranged by brilliant musicians over the next 50 years. Let alone, how can I imagine all the scientific progress, discovery, and invention from nanotech to macro to better the lives of my children and the next generations. The system works, progress, due to the mutually beneficial trade of profits and products. Of course I will add, facilitated by the profit incentives and risks taken by speculators.
All the governments, corruption and evil men of this world can stifle progress for only a short time. It is human nature to create, invent, trade and profit. At what speed, level or velocity some men that promote news to encourage other men to pay fees will philosophize, promote memes and propaganda for a quick score...Yet make no mistake about it, men will always find a way to trade for profit. Good business, long lasting profits only come from mutually beneficial long term relationships. Only those with the brains, a set of balls and the heart to win will succeed at trading for a living. If you choose not to risk your ego for loss, please excuse your self from the game. However, please out of respect for me, and the thousands of honorable men that make their living via speculation, please do not imply that only the crooked, the connected or the well to do by birth, are the only men that have a chance at a profitable life, dedicated to the honorable pursuit of trading for a living.