Saturday, August 07, 2004
The Street vs The Rest of the World
You see, the difference is that the Street thinks most people are fundamentally lazy, stupid, and myopically self-interested. It's therefore in your best interest to take advantage of, well, anyone you can, because not only would they do it to you, but there's no payoff to not doing it - because most people are too lazy, stupid, and myopically self-interested to coordinate with you and create any kind of social value.
I've never held this view - but I am fast changing my mind. What kind of people can allow this to stand (James Hart)? Well, if you admit that we live in a democracy, they've gotta be lazy, stupid, and myopically self-interested.