From CEO to pizza delivery driver

Quote from Indrionas:

I'm completely aware that there are risk hedgers and investors besides the speculators. But before you belittle me, you could provide some facts to support your opinion. For a start, you could provide data on what percentage of total trading volume is made by risk hedgers and by speculators. The substance produced could very well be extremely marginal.

Now don't get me wrong. I am not against trading or speculating. I am not one of those Michael Moore-like protesters that have very superficial understanding of how market works. I just view the market as a competitive zero sum game and that's it. I'm done here.
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you should start from here-

http://en.wikipedia.org/wiki/Common_stock

http://en.wikipedia.org/wiki/Stock_market#Function_and_purpose

The stock market is one of the most important sources for companies to raise money. This allows businesses to be publicly traded, or raise additional capital for expansion by selling shares of ownership of the company in a public market. The liquidity that an exchange provides affords investors the ability to quickly and easily sell securities. This is an attractive feature of investing in stocks, compared to other less liquid investments such as real estate.


without those companies,funded by private investors via stock market-there is will no goods to buy or spend your zero sum money
even kid from kindergarten knows that.

No matter who won, the money is "earned" by the winner anyway and gets spent on pizza, toilet cleaners, software,
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PZZA,DPZ,YUM,MSFT
 
Quote from 1flyfisher:

and if this dude doesn't start bringing in the cash she is gonna be a gone hot milf.
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I was thinking the same thing--she is hoping the guy gets back on his feet and starts making what he used to make --or the right offer hasnt come knocking on HER door.

Still dont get it if he makes only$8/hr why cant she work too ?
 
Quote from Pachira:

I see the original post was nearly a year ago. Be interesting to see what the guy is up to now.
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I was also wondering about this. Did a quick search, but could not see any recent references.
 
Any idiot can make money on a Straight up bull market. The real test is to see who can make money when the bear strikes and you have a confused market.

Exactly like what Warren says, Only when the tide goes out do you discover who's been swimming naked.


Guy making 750K annually and he ends up in a negative net worth. How the hell do you do that?

Word I heard is they got divorced.


750K, lets say you put away 300K away (10 years = 3 million)

if you generate just 4% you can get 120K annually just to live on without touching principal.
 
they moved out of their mansion?

"my name is callie karpman their daughter ok we have to move to a freaking one room apartment we have little food in the fridge. i can get any clothes all my brothers old clothes. ok so if you say no fucking sypathy think about me and my brother."

:eek:
 
Quote from MohdSalleh:

they moved out of their mansion?

"my name is callie karpman their daughter ok we have to move to a freaking one room apartment we have little food in the fridge. i cant get any clothes all my brothers old clothes. ok so if you say no fucking sympathy think about me and my brother."

:eek:
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A number of you guys are pretty quick to label him an idiot and not be able imagine that you might have made some of the same mistakes, but I bet a lot of you would make the same mistakes. You can label him an idiot so you don't have to put the work in of facing yourself in the mirror and doing a little self-evaluation. I'm not attacking anybody specific here, just making a general statement about human psychology. We're quick to label guys like this and totally detach ourselves, or be able to sympathize in any way. I know there are a lot of you casting stones who would have made similar mistakes. Much easier though to sit back, detach, and cast stones.

In all honestly I doubt the guy is an 'idiot' and I wish him well
 
Quote from thetrendfollowe:

What does this mean?

Hedge fund managers are mostly very active in philanthropy.
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"Active in philanthropy" what does that accomplish? What has philanthropy or charity ever solved? They put band-aids over your boo boo, they never tell you how not to scrape knee in the first place. In the past 150 years, the standard of living of the whole world has exponentially increased more than the previous 5000 years of civilization combined, or could have ever imagined. How? Innovation. People working to better themselves and others through active thinking. Making things, solving things, inventing things, providing new ways of doing things.

Hedge fund managers hardly do these things. Their business is a zero sum gum. They don’t grow corn or build houses. They don’t teach the next generation nor provide a service that betters humanity. That’s fine though. It’s a free country. I like trading, not very good at, and that’s the way it goes. So when he crashes and burns, why should I care? He was a speculator and that’s what happens. If he had speculated and opened up 10 McDonald’s franchises and lost all the money, I would have a little more sympathy for him because his loss also means lost jobs, lost productivity, and lost benefits to consumers.

Oh, and having spent 6 years deliverying pizza, while it’s not the most important thing in the world, it provides a legitimate service to people who appreciate it. It makes this world just a little bit better, in 30 minutes or less.
 
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