Re: Perhaps you could tell that to the Deluded Fools who inhabit Wall Street
Dex
3/2/2012 9:58:20 AM
Ashish, I like your father's saying:
"Son if you earn $1 and Spend $2,you will never be rich or in control of your own life-You will always be running after Money ;You have a choice You control Money or Money controls you."
Re: Perhaps you could tell that to the Deluded Fools who inhabit Wall Street
back2basicz
3/1/2012 11:44:48 AM
Noreen,
When I first read that article;I thought to myself-
"How much of this stuff is really essential?"
Do you really need a Porsche or a Dog Walker (or a Dog in the first place) or the necessity to send your kids to a Private School(I went to a Public School and I turned out okay-It didnt stop me from Attending and doing well in one of the Best Universities in Ameria/World-Columbia).
"How much money is more than enough to manage a decent life?"
I was also reminded of a Lesson my Dad taught me when I was 15;he said
"Son if you earn $1 and Spend $2,you will never be rich or in control of your own life-You will always be running after Money ;You have a choice You control Money or Money controls you."
That thought process has stayed with me all these years.
But when I see such whiners on MainStream Media;I realize how much Wall Streeters are lacking in Basic Education on Finance,Ethics,Life and Morals.
At a time when over 46 million Americans are on Food Stamps today-
Basically if the Federal Govt didnt feed one in every seven Americans,they would have to beg or go hungry;there are some deluded fools who are worried about paying $6 for Salmon!!!
There is no disputing the fact,that New York is a very expensive City to live in(the highest earners pay close to 50% of their income in Taxes);but even that is a choice-Nobody has chained these Whiners to the City.If they feel they can earn more elsewhere than please Leave and Stop the Whining.
And you know whats the Funniest part-Andrew Schiff is supposed to be a Marketing Executive for a Financial Firm!!!
Wall Street just scored a massive Own Goal with this Article.
Regards
Ashish.
Re: Perhaps you could tell that to the Deluded Fools who inhabit Wall Street
Drivewaygirl
3/1/2012 11:19:43 AM
Good point, @Noreen, They always say listen twice as much as you talk, and, personally, I think that suggests talking too much!
Re: Perhaps you could tell that to the Deluded Fools who inhabit Wall Street
Noreen Seebacher
3/1/2012 11:08:46 AM
Yea, arrogance is part of it. But that arrogance also makes people enjoy the sound of their own voices -- and you never listen when you're too busy talking.
Re: Perhaps you could tell that to the Deluded Fools who inhabit Wall Street
tokyogai
3/1/2012 9:28:52 AM
I really think it is arrogance that leads to not listening. If something has worked once, there is a belief that they know it all. The people who deliver the best long term results are those that listen--and learn.
Re: Perhaps you could tell that to the Deluded Fools who inhabit Wall Street
Michael Shmarak
3/1/2012 9:00:34 AM
Ashish--
Thanks for your comments; I wish I could feel sorry for the people listed here. Before I named my company, Sidney Maxwell, it was going to be called BGE, Inc. BABY'S GOTTA EAT. I think I chose a better name.
Here's the thing about the "fools" on Wall Street--they listen to the advice of people who are closest to them; if you read between the lines of this story, who are they REALLY getting their advice from? People in the same socioeconomic conditions as they are. When you listen to others outside of your realm, you realize there is more to life than just the toys and things we have.
Re: Perhaps you could tell that to the Deluded Fools who inhabit Wall Street
Noreen Seebacher
3/1/2012 7:43:27 AM
Wow Ashish -- those examples you provided really underscore the disconnect between the super rich and main street. I don't begrudge anyone the right to spend their money as they please, but some of your examples just scream waste and excess.
Perhaps you could tell that to the Deluded Fools who inhabit Wall Street
back2basicz
3/1/2012 4:44:59 AM
Michael,
This Article on the "Disaster" Wall Street is facing today because Compensation has fallen in 2011 and is starting to come in line with realistic values(still quite some way to go...);should tell you how much Wall Street still has to Listen to the suffering of Rest of America.
http://www.bloomberg.com/news/2012-02-29/wall-street-bonus-withdrawal-means-trading-aspen-for-cheap-chex.html
USD 17000 on Dogs???
Renting a Summer Home for one Month instead of Four???
Buying Smoked Salmon at a Discount Store for $6???
Having to remove your kids from Private School where they pay $32000/year per student???
Forcing your kids to share a room,because you can't afford to upgrade???
Can't go to Aspen anymore???
Can't buy(or park) Over-expensive Cars on Over-Expensive Parking???
This are the "sacrifices" that Wall Street is having to face today.
Its time somebody taught these deluded "Masters of the Universe" to listen to what America and rest of the world is going through before they start whining again.
How about Saving money for a Rainy Day?
How about trading down your super-expensive Toys(A Ford works as well as a Porsche for getting you from Point A to Point B -but how about using NYCs Subway for starters???) and other Gadgets???
How about spending more time with your kids rather than sending them off to Summer Retreats and Camps???
Regards
Ashish.
Re: Two sides
chapAnjou
2/29/2012 10:35:01 PM
Fantastic point erie, it is very nice to see someone that doesn't fit the typical nba player mold. It's easily why the story has picked up such traction and everyone (with the exception of the fans of the teams he steamrolls, of course haha) is so quick to get behind this guy and follow his journey.
The obvious correlation to the business world is that rags to riches story of the guy who was scrubbing toilets who battled his way into the corporate world and eventually became CEO. People always want to see the underdog go far, whether it's in sports or business. It motivates people and keeps industries fresh with new blood.
Re: Two sides
chapAnjou
2/29/2012 10:31:19 PM
"The Knicks saw the potential in Lin to even give him a spot on their bench. They saw him in practice and scout teams. They saw what he could do."
Well said. To think that two other teams passed on this guy...they're probably shaking their heads (and have been for the past couple of weeks).
On the subject of companies and their scouting teams, I think this brings up a good point on how "scouting" is even done these days in corporate america. To me, it seems that sites like linkedin perform this role and that there are recruitors who go around pitching people to the benefits of their company. Prior to the internet, other than word of mouth and internal promotions, I'm not sure what other kind of scouting was going on
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