Nice to know that at least a few people at Harvard actually have their head screwed on straight. Larry Summers hasn't completely ruined the place yet.
Best to remind yourself that life is about being and becoming, not having and acquiring.
Dynamic asset value always trumps static asset valuations. The concept of wealth has short, medium and long term aspects.
Do we care what incomes our grandparents, 7 generations back, had? Think continuity.
We put currency prices on relatively few of the things we utilize. How much to sell your:
spouse?
citizenship?
kids?
siblings?
parents?
friends?
co-citizens?
Just to name a few.
Well , just like the saying goes. The poor becomes poorer, and the rich becomes richer. Simple but makes sense.
ReplyDeleteThere's no social species on earth that operates that way ... for very long.
ReplyDeleteWhat part of "system" don't you understand?
Better check every day, and if any of your brain cells aren't as productive as others at that particular time ... better kill 'em off.
After all, YOU would be better off with 10% fewer brains every day ... Right?