[lbo-talk] The way we live now

Marvin Gandall marvgandall at videotron.ca
Sun Oct 15 06:49:25 PDT 2006



> October 15, 2006
> Everybody's Business:
> You Can Complain, or You Can Make Money
> By BEN STEIN>


> Another way, possibly more satisfying in the long run, would be to ask
> yourself how the top 1 percent of wealth holders and income earners got to
> be that way, and then to try to do it yourself. ...
>
> [For example,] [y]ou make money by making money for people who already
> have money. This is another reason finance is such a well-paid field. One
> good day's work for a man who has a $100 million account you are trading
> is worth far more than a lifetime's work at the checkout counter at
> Wal-Mart. Yet, amazingly, managing wealthy people's money is far less
> difficult and stressful than checking out customers at Wal-Mart. It's not
> even close. ...
================================== That's a great point. Any views out there on why Walmart clerks don't trade shares at Goldman Sachs instead?



More information about the lbo-talk mailing list