Wall Street and A Millionaire Essay

Wall Street and A Millionaire Essay

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It is common wisdom today that the key to building wealth is by taking risks. People, who take higher risks, get higher returns (i.e. wealth). By now, most of us have heard that stocks with higher risk and volatility, carry higher returns over time. New entrepreneurial ventures have higher risk and failure rates than established business and tend to create greater fortunes. This is definitely true but the best entrepreneurs, executives, and investors who actually achieve the highest returns and build the most wealth do not see it that way!
Despite often being involved in unproven ventures and changing management or investments, they do not perceive that they are taking big risks at all. They are simply doing the obvious. They are very definite that what they are doing or investing in must and will succeed. They have a clear understanding of change and fundamental trends that seem inevitable to them. They appear risky and unclear only to people who don't understand such changes and naturally cling to familiar patterns that are more comfortable.
So, what is life on Wall Street like? How much is enough? The kid keeps asking the millionaire raider and trader. How much money do you want? How much would you be satisfied with? The trader seems to be thinking hard, but the answer is, he just does not know. He is not even sure how to think about the question. He spends all day trying to make as much money as he possibly can, and he cheerfully bends and breaks the law to make even more millions, but somehow the concept of "enough” eludes him. Like all gamblers, perhaps he is not really even interested in money, but in the action. Money is just the way to keep score.
The millionaire is a predator, a corporate raider, and a Wall Street shark....


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...arent layers of greed. Most of the time, we know what is going on. All of the time, we know why.
Although Gekko's law breaking would have of course, be opposed by most people on Wall Street, his larger value system would be applauded. The trick is to make his kind of money without breaking the law. Financiers, who can do that, such as Donald Trump, are mentioned as possible presidential candidates, and in his autobiography, Trump states, quite simply, that money no longer interests him very much. He is more motivated by the challenge of a deal and by the desire to win. His frankness is refreshing, but the key to reading that statement is to see that it considers only money, on the one hand, and winning, on the other. No mention is made about creating goods and services, to manufacturing things, to investing in a physical plant, to contributing to the infrastructure.

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