Daaaaayyyum These Guys Were Young Too!
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From: Streamwood Il.
Originally Posted by benny,Aug 16 2005, 06:03 PM
I am surprised that no one has pointed out the stupidity and greed shown by some of the investors who honestly believed they were going to receive a
125% return on their investment!
Sure, you can rant about the greed of the fund managers and the special place in hell that should be reserved for them but you must also recognize the greed of the investors that makes a scam such as this possible.
Hard to take advantage of someone who isn't trying to take advantage of someone himself!
125% return on their investment!
Sure, you can rant about the greed of the fund managers and the special place in hell that should be reserved for them but you must also recognize the greed of the investors that makes a scam such as this possible.
Hard to take advantage of someone who isn't trying to take advantage of someone himself!
Would you still consider the investors "Greedy" ?
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From: MAHT-O-MEDI
Originally Posted by Gymkata,Aug 17 2005, 07:30 AM
There is a difference between being ROBBED and losing money because you picked a wrong company to invest.
For several years in a row would be tough, and of course there is high risk involved. But I think calling it greedy because someone want to invest their money and see a nice profit on it has a very loose definition of greedy. If you had the opportunity to double your money in an investment you were convinced was a good one, you would not say "I will put it in a savings account, making too much money would be greedy and I don't want to make too much money."
I still think the investors were a little foolish for not looking into it further but to me the blame still lies with the thieves.
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From: City
Originally Posted by Road Rash,Aug 17 2005, 07:35 AM
What if these investors used a reputable, honest and legit company. And say they made a 125% profit.
Would you still consider the investors "Greedy" ?
Would you still consider the investors "Greedy" ?
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From: 3rd bedroom on the right
Originally Posted by no_really,Aug 17 2005, 10:26 PM
you do realize you are wrong, right? And to suggest people taking a risk don't "deserve" to lose is "ludicrous." So people only "deserve" to win, regardless of the risks they take? What the hell is a "risk," again? As I see it, taking a risk means accepting the fact that you may lose. One hopes you are mature enough to not cry when that happens.
No really, no_really you are wrong. Read gymkata's post and then re-read mine and you shall be enlightened.
Originally Posted by gymkata
There is a difference between being ROBBED and losing money because you picked a wrong company to invest.
[QUOTE=no_really]Millions of people invest in the stock market every day.
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From: City
[QUOTE=Austblue,Aug 17 2005, 04:09 PM] No really, no_really you are wrong. Read gymkata's post and then re-read mine and you shall be enlightened.
You too have arrogantly altered the true definition of greed to suit your own personal morals and standards. Greed by definition is "an excessive desire to acquire or possess more (especially more material wealth) than one needs or deserves". So to be truely correct and fair handed, to have the $1M burning a hole in your sky rocket then you're already "greedy" so being so "protective" of it and
No really, no_really you are wrong. Read gymkata's post and then re-read mine and you shall be enlightened.You too have arrogantly altered the true definition of greed to suit your own personal morals and standards. Greed by definition is "an excessive desire to acquire or possess more (especially more material wealth) than one needs or deserves". So to be truely correct and fair handed, to have the $1M burning a hole in your sky rocket then you're already "greedy" so being so "protective" of it and
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From: Streamwood Il.
Originally Posted by no_really,Aug 17 2005, 09:26 AM
yes. One could certainly argue that the pursuit of ever-increasing amounts of money is what defines the term "greed."
When it works I call the investors successful and smart, not greedy.
When the Korean dudes bailed I call the investors victims of theft, not greedy.
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From: 3rd bedroom on the right
Originally Posted by no_really,Aug 18 2005, 11:08 PM
125% return isn't 25% profit :/ Already been pointed out by others.
Originally Posted by Austblue
I do concede that I probably misinterpreted the 125% return as 125% of investment being the total returned rather than the pure profit.
Originally Posted by Austblue
This definitely clarifies the percentage confusion 
[QUOTE=no_really]So I "arrogantly" changed the definition of greed?
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