Sunday, June 8, 2014

Smart and its money

Or some such, as we asked the question a long time ago: If you're so smart, why aren't you rich?

We will have to get back to this subject. Notice the time frame: 2007. What has changed since then? Well, a whole lot; yet, there ain't nothing new under the sun.

Social media has abounded, but so what? Zombies are more prominent (as in, idiots who drive while having their attention diverted from their responsibilities to something social, gameful, or whatever - texting is the most used concept, applied).

Many are dreaming, again. Things were touch and go, it seemed. Many lost their jobs and their futures. Ben, on the other hand, kept his largess going (way beyond what was necessary - and, Janet follows the same path).

So, that has created a large bifurcation with gigantic accumulations (or, Richer as smarter? being the theme to explore) for a relatively small set.


So, let's take rich. Does giving away your riches remove all of the negative impacts that the accumulation thereof created? No, of course, not. We have to consider this subject, time and again (it's age-old and not of this recent time). But, can using your riches, at least, help some? Of course.

What can we look at on the other side? Well, Tolstoy (how much does one man need?) comes to mind. How much does one need? Well, enough, one would think, to be able to take care of yourself and your significant others. And, perhaps, a little breathing room beyond that.

But, can one be happy with less (as in, austerity, as many in Europe were recently forced to face)? That is a point to discuss. Again, the answer can be yes, unless you're in hock to some unreasonable person (and, pulling/pushing people into debt has become a big thing - to be discussed, again and again).

And, there is some minimum required to have a decent, respectful life (whence this is a big issue to address).


What has happened with Ben's/Janet's largess is that a bubble has come about. Yes. It is there. And, the cheshire multiple makes the thing even more troublesome (we'll get to this, again and again). Yet, there seems to be a blindness (something to study, too).


So, we'll have to consider types of smart. As well, how can unbalanced, unjust states be considered smart (except for those licking their chops)?

Remarks:   Modified: 07/03/2014

06/09/2014 -- Ray Dalio and his views. 

06/12/2014 -- One way to look at this: cognitive elitism.

07/03/2014 -- The Magna Charta is a wonderful example for us to apply to provider (king)/user (baron) issues.

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