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Why I Am Leaving Goldman Sachs

Discussion in 'Finance & Banking' started by Tropo, 14th Mar, 2012.

  1. Tropo

    Tropo Well-Known Member

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  2. Chris C

    Chris C Well-Known Member

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    I read a letter by Warren Buffett back in 2006 that just makes me think that The Goldman Sachs model was inevitable:

     
  3. Tropo

    Tropo Well-Known Member

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  4. wdongli

    wdongli Well-Known Member

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    We could find more than any number of reasons why capitalism should be at its end, actually it has motivated a lot of clever and ethical people turned it as their causes.

    However they just forget anything from human kind could do bad or good things based on the contexts and conditions. How many youths who were promising and capable, dedicated their life for the pig chiefs rather than their workers since communism became popular in this world.

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    Most of market players don't know and have not capability to analyze what different scenarios of consequences ahead but tend to be judges for what they just could not really know. Business sometimes do need the capital and they just could not get the capital from market by themselves. The profit could motivated the people for unfair deals. Don't throw your baby with the bath water into the windows, which is right or wrong logically?

    Sword can kill people and also can protect people. Human has very complicated minds. They do need different things in different environments. Do you know those? If you don't know these basic, the more reasons you find for what you believe the more damages you would make to you and others.

    What is the most fearful matter in the war? Things changes but the commanders just plan as what it was 3 or 4 years ago! Still could not figure out why genius tend to fall into the hell? They have no IQ for basic logic and common senses as I did before 2004.

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    Wrong belief and stubbornness kill all of promising matters! Right belief in one field and abused in other fields would result in humiliated losing! Market is a place to win for profit and voting and political movements are the ways to correct the social ills.

    Human needs the market as he needs the second wealth or third wealth distribution, which are about the balance between the motivation and equality. All equal->all in the hell! 99% struggle for mouths->robbing and revolution. In this sense Australia seems have a very good system which better than US and China.

    So a balanced mental framework is necessary condition if you really want to be fair and get what you deserve in the market. If you just cry since you could lose what you have or could not get what you get, you could be extremists on somethings Mr. Market hates to see.

    ***
    But we have to know desperate people would be the losers since desperate people do desperate things, and since GFC and the crashes in last one years, just have generate too many bad things to make anyone in the market feel some sort of desperation.

    Yes there's a lot of desperation, there's a lot of people living very close to the edge. It's not a happy time. it certainly puts enormous pressure on it. There is a resurgence of biases, a resurgence of illogical thinking and action.

    Yes it makes the time you just could not find the reasons to be happy. Crashes hit you. Recovery is the time for you to miss the train. You believe it is zero sum games where people think 'your win is my loss.

    So what will happen? You don't care about the chances any more even you still could not leave the lines and patterns aside. Happy life in the market is not easy!
     
    Last edited by a moderator: 16th Mar, 2012