There's never any shortage of people willing to do anything to make a buck. All those Wall Street types are just as replaceable as the people they are mocking in their letter. Nobody would miss a single one of them, were they to go; their sense of entitlement is unearned and pathetic.
A strong stock market is essential to a healthy economy. Trading ever-more esoteric financial derivatives that relate to no real generation of capital, but rather are just methods of moving money around to make it easier for the finance sector itself to extract value for its own benefit is not, and that is where Wall Street fails. Creating money is not the same as creating wealth.
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Better educated sadness than oblivious joy.
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