Australian (ASX) Stock Market Forum

Greed (on SBS)

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great topic,

ummmm,

how to put it politely.. its like talking in a library, or farting at the table, but talking about greed with the captains of capitalistism around here its like throwing a lamb into a pack of hungary wolves..

not seen too many self reflecting types around here:D

totally agree that greed is an interesting topic btw...
 
GREED IS GOOD!

why else we in and out of the markets ...... personally not doing it to make the world a better place......

IM in it to make MY world a better place ....

LONG LIVE CAPATALISM

amen
 
hello,

i think the host should do some research into the "first home buyers grant", the discussion she had with the guy about property development was quite embarrassing for her

thankyou
robots
 
nunthewiser said:
GREED IS GOOD!

why else we in and out of the markets ...... personally not doing it to make the world a better place......

IM in it to make MY world a better place ....

LONG LIVE CAPATALISM

amen
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completely agree.

everyone is greedy in some way. its human nature.
 
c-unit said:
completely agree.

everyone is greedy in some way. its human nature.
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I get a bit f'd with all these so called "gen Yers" who say I don't get it so I'm just going to keep spending on credit. You don't have to get anything to understand that you can't keep spending on credit and survive financially. The other thing that pisses me off is they say it with a stupid giggle and laugh as if it is acceptable to be so unintellectual.
 
c-unit said:
completely agree.

everyone is greedy in some way. its human nature.
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I agree in as much as greed is a part of human nature ...but unchecked, unrestricted greed is not a healthy thing - not for individuals or for society... I reckon it will lead to total anarchy if it goes on too long.... hence after a significant period of unchecked greed - we now see a big rebalance... a period of adjustment where many of the supergreedy get smacked in the face . trouble is plenty of others will get smacked too :(

all IMO
-D
 
I get annoyed with people who classify others into "Generations". I just cant believe there are enough similar characteristics to make any form of coherent statment about such a large group of people
 
Dukey said:
I agree in as much as greed is a part of human nature ...but unchecked, unrestricted greed is not a healthy thing - not for individuals or for society... I reckon it will lead to total anarchy if it goes on too long.... hence after a significant period of unchecked greed - we now see a big rebalance... a period of adjustment where many of the supergreedy get smacked in the face . trouble is plenty of others will get smacked too :(

all IMO
-D
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As shown by the douche at the start of the program, and as many people do here, completely miss the point with Stone's "greed is good" catchphrase.

Just shows if someone wants to believe something, and it is supported in some sense, what damage it can do, as movements and behaviours go about unchecked without any reflection.
 
Agentm said:
great topic,

ummmm,

how to put it politely.. its like talking in a library, or farting at the table, but talking about greed with the captains of capitalistism around here its like throwing a lamb into a pack of hungary wolves..

not seen too many self reflecting types around here:D

totally agree that greed is an interesting topic btw...
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Did you actually see the programme? It was overall very good.

The captains of capitalism, as you put it, e.g. Saul Eslake, but especially Peter Schift, made much sense.

I think it's difficult to define greed. It's very healthy to have ambition and to want to achieve success. Without this we'd all drift along on social security. Perhaps greed is the compulsion to continue acquiring affluence far beyond our needs, purely for the sake of such acquisition. Pointless, imo, unless you want it for the purposes of philanthropy.

Prawn, you're quite right about the unfortunate tendency to classify any generation into a personality type. It annoys me immensely about being a baby boomer, so, yes, to similarly classify everyone in a given age group as irresponsible GenY massive spenders is silly.

Given that remark, the young girl on the SBS programme, with her blithe assumption that everything would always support her philosophy of ever extending credit, was just so stupid. I find it really hard to believe that with all the information out in the market place anyone can be so ignorant.
 
please excuse my ignorance

gen Y = what age group?

baby boomer = what age group?

heard the sayings bandied around but never actually paid much attention to the labels
 
jersey10 said:
I get a bit f'd with all these so called "gen Yers" who say I don't get it so I'm just going to keep spending on credit. You don't have to get anything to understand that you can't keep spending on credit and survive financially. The other thing that pisses me off is they say it with a stupid giggle and laugh as if it is acceptable to be so unintellectual.
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I'm gen y, and a diligent saver, and have been lambasted for it here by people much older. So please, do excuse yourself.

But yeah, try dating these types of girls... wowee!

And unfortunately, from what I've noticed, it seems to be something they learn from their parents, from what I can tell. Buying things on credit, on loan etc. has become just second nature to them.
 
Gen. Y: Born 1980 on

Gen X: Born 1961 - 1979

Baby Boomers: Born 1946 - 1960
 
Lindsay Tanner was most sensible, the credit card girls acted naively very well, Saul Estlake could have been having a chat over few beers at the pub, the American guests played Punch`n`Judy and Luke the property devoloper played a shady character looking for some greedy friends.
 
chops_a_must said:
I'm gen y, and a diligent saver, and have been lambasted for it here by people much older. So please, do excuse yourself.

But yeah, try dating these types of girls... wowee!

And unfortunately, from what I've noticed, it seems to be something they learn from their parents, from what I can tell. Buying things on credit, on loan etc. has become just second nature to them.
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I have no doubt there are plenty of gen yers who are very diligent savers and are quite financially sensible. Still get annoyed by the ones who aren't and don't do anything about it but bury their head in the sand.
 
jersey10 said:
I have no doubt there are plenty of gen yers who are very diligent savers and are quite financially sensible. Still get annoyed by the ones who aren't and don't do anything about it but bury their head in the sand.
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what about the "x"ers and the "boomers" .they just as annoying ?or is it only the young folk?
 
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