This Market...

[Jim in CT]

Originally Posted by nightfighter

Jim, I started with Merrill Lynch in 1980 and was in the business through 1999. I can categorically state that those that got ahead got there at the expense of others. As did the clients they served and skimmed off of. I was there. Saw it. Old boy network became musical chairs. Survival at all costs. Saw it. Lived it. I was a victim. I was expensed so that another could get himself ahead. Got my legs cut out at my weakest point during a divorce and could not recover. I am not that guy that could live that life and sleep at night anyway

i didn’t say that zero rich people
got rich by hurting others. of course there are scumbags out there, i never said otherwise.

You said every rich person got there by hurting others. that’s laughably false. Plenty of wealthy people are decent people. Not all. But more than zero, a lot
more.
Posted from my iPhone/Mobile device

[Sea Dangles]

Originally Posted by Jim in CT

i didn’t say that zero rich people
got rich by hurting others. of course there are scumbags out there, i never said otherwise.

You said every rich person got there by hurting others. that’s laughably false. Plenty of wealthy people are decent people. Not all. But more than zero, a lot
more.
Posted from my iPhone/Mobile device

He knows that statement was born from scorn. A lot of passion but a lot of inaccuracies.
Posted from my iPhone/Mobile device

[nightfighter]

Originally Posted by Sea Dangles

He knows that statement was born from scorn. A lot of passion but a lot of inaccuracies.
Posted from my iPhone/Mobile device

Chris, you know from where I am coming. Of course not zero. There is no absolute to be defended here. But there is about to be another round of musical chairs with layoffs coming in the financial sector. Many are about to have their outlook and self worth changed dramatically. They will be joining the eye doctors signing up for unemployment benefits, an exercise they could not have ever thought they would be doing themselves. Then we will see how they feel about the CEOs of their industry "earning" their multi million salaries, raises and stock options. I suspect they will feel some of the passion too.