My random commentary on this and that No warranty expressed or implied. Your mileage may vary.
Thursday, October 06, 2011
Ranting about Finance.
Investment should be about putting money in to back a real-world venture, and reaping a share of the profits from that venture.
The major bulk of the world of Finance is now NOT about the first level of investment in things that are real, but rather about gaming the system with impunity and gambling on the derivatives and margins of it. That is a huge and parasitic bubble, billions of dollars going to BMW driving assholes in expensive suits who don't know a god damn thing about anything concrete and yet think they are better than the people who do, and to the worthless politicians who kowtow to them instead of holding them accountable.
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