Excessive indulgence of one's own appetites and desires. self -in·dul gent
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if excessive is subjecting essentially any person who thinks about sex, food, shelter is open to the critique.
however, for the sake of argument lets exclude the lower parts of mazlow hierarchy.
Any person who has the time money or brain power to post post work work on self actualization or mastery of anything is self indulgent... correct?
Now let go any step over food, clothing shelter.
If you have the time to post on et your are self indulgent.
next step...
so somewhere over the food, shelter clothing level we become self indulgent.
You want women... you stay in shape... self indulgent.
you want power.... self indulgent.
knowledge.... same thing.
the list runs on.
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Max you are correct.
Trust but verify.
Whether you call in self indulgence or maximizing utility.
That is what most humans do.
I run my business understanding others will maximize their own well being. (because they do all the time) For instance an agent in my office came in yesterday and said he is not being paid his 14,000 referral fee. (some of that was mine... as invested in the website which generated the initial lead.)
He was surprised. I was not surprised in the least.
99 percent of the real estate agents in CA do 1-4 deals a year right now.
So how many would not maximize their own utility and keep your money if they can. I would say 90 percent of the 99 percent maybe more.
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So it is my mistake if I trust them with too much money or responsibility... I therefore don't put them in charge of big chunks of my money or business. I diversify.
In essence that is why trust is earned and not given.
Quote from bigarrow:
Interesting, do you have any refrences for that or is it just an opinion of yours? I do see your point or what you are trying to point out, but it is misapplied in this instance and that is just an opinion of mine.
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SELF-INDULGENCE : excessive or unrestrained gratification of one's own appetites, desires, or whims