Define greed

Dispassionate · Nov 19, 2005, 8:35pm

Quote:

Originally Posted by bluetipex

Trendie

Excellent post to which I agree 100%. However. It is fatally flawed as life doesn't work like that. There are those that choose 6 numbers at random and win the lottery that have not "earned" their winnings at all. I recall a convict out on parole recently that won and caused a national outrage. He neither earned nor deserved his rewards yet still achieved riches beyond the reach of most of us. There are many other examples of life "anomalies".

Many of us, unfortunately, will put in the required effort, study, blood, sweat and tears, and not reap our just rewards; whilst watching those that put in no effort whatsoever, (and sometimes resort to illegal means), and derive financial abundance.

It's called life.

How do you explain this?

Law of large numbers?

Trader333 · Nov 20, 2005, 5:00am

Greed is simply wanting more than you need or deserve and is seen all around us all the time.

Paul

chump · Nov 20, 2005, 5:08am

Greed is where the irrational defeats the rational ..or 3 deserts which you prefer.

In fact have a look at the Times today..home section ..article on Spanish property..very good example of what I stated above ..."what market demand & supply factors they cried" .. LOL ..I'll save you the trouble of waiting for a similar article on Bulgaria & Turkey ...read it here right now ...oversupply means what for price ?

trendie · Nov 20, 2005, 5:22am

hi roguetrader,

yes, youre right ( I did write my explanation off the cuff )
re: unfit athlete. I think I was referring to someone who wants something, but is unwilling to put the effort in. An unfit person "dreaming" of something, and an unfit person resolving to become fit and healthy, and aspiring ( making the effort ) are two different things.
Whereas the first is greedy, the second is not, as the second makes the effort to fulfil a ( talent ) potential.
( hey, it was a Saturday )

re: Lottery tickets. There will always be "black swan events". Mind you, these events are as unjust as people being "born" into wealth and privilege, or children being born into poor countries.
But the last bits are off-topic.

Dispassionate · Nov 20, 2005, 1:16pm

Quote:

Originally Posted by Trader333

Greed is simply wanting more than you need or deserve and is seen all around us all the time.

Paul

..and how do you judge the "more than you need" and especially the "deserve" bit??

Trader333 · Nov 20, 2005, 5:29pm

I dont judge because that implies a finality but I do make an assessment based on a number of criteria at the time of determining whether any given action was caused by greed or otherwise.

Paul

badtrader · Nov 20, 2005, 6:08pm

Define greed

You went long the dow for a target of 50 points, The market is going you way, it is now 30 points, you say hay here we go, then 40 points, You get confident, and say to you self I move my stop to break even, You watch the market it ticks 42 43 44 45, now only 5 points to you target, markets goes 46 45 44 45 44 43 42 39 35 32, now you thinking um maybe I should have got out at around 40 to 45. market goes 28 25, although you T,A got you in to the market, you are now ignoring it to get out, markets goes 20 18 22 20 19, You say to you self well I just sit back and wait,either my stop get hit or my target. Well you guess what he got out at break-even, when he place the break even trade he thought he was smart, But he was not smart enough to get out at around 40 when is charts was telling him to.he ignored it. Holding on for the last buck. That's what you call greed.

Dispassionate · Nov 20, 2005, 7:09pm

Quote:

Originally Posted by Trader333

I dont judge because that implies a finality but I do make an assessment based on a number of criteria at the time of determining whether any given action was caused by greed or otherwise.

Paul

Judge/decide/assess - what's the difference?

Nov 20, 2005, 5:00am	#10
Trader333 Content Editor Member Since Jan 2003 7,547 Posts	Re: Define greed Greed is simply wanting more than you need or deserve and is seen all around us all the time. Paul

Nov 20, 2005, 5:08am	#11
chump Legendary Member Member Since Dec 2003 2,203 Posts	Re: Define greed Greed is where the irrational defeats the rational ..or 3 deserts which you prefer. In fact have a look at the Times today..home section ..article on Spanish property..very good example of what I stated above ..."what market demand & supply factors they cried" .. LOL ..I'll save you the trouble of waiting for a similar article on Bulgaria & Turkey ...read it here right now ...oversupply means what for price ? __________________ Distance = Perspective Last edited by chump; Nov 20, 2005 at 5:19am.

Nov 20, 2005, 5:22am	#12
trendie Legendary Member Member Since Jan 2004 5,684 Posts	Re: Define greed hi roguetrader, yes, youre right ( I did write my explanation off the cuff ) re: unfit athlete. I think I was referring to someone who wants something, but is unwilling to put the effort in. An unfit person "dreaming" of something, and an unfit person resolving to become fit and healthy, and aspiring ( making the effort ) are two different things. Whereas the first is greedy, the second is not, as the second makes the effort to fulfil a ( talent ) potential. ( hey, it was a Saturday ) re: Lottery tickets. There will always be "black swan events". Mind you, these events are as unjust as people being "born" into wealth and privilege, or children being born into poor countries. But the last bits are off-topic. __________________ # If the only tool you have is a hammer, you tend to see every problem as a nail - Abraham Maslow # There are 10 kinds of people in the world; those that understand binary, and those that dont. -Anon # Ed Seykotas Whipsaw Song http://www.youtube.com/watch?v=LiE1V...Wlxk8&index=10 # Defeat is temporary. Giving up makes it permanent. Anon

Nov 20, 2005, 5:29pm	#14
Trader333 Content Editor Member Since Jan 2003 7,547 Posts	Re: Define greed I dont judge because that implies a finality but I do make an assessment based on a number of criteria at the time of determining whether any given action was caused by greed or otherwise. Paul

Nov 20, 2005, 6:08pm	#15
badtrader Banned Member Since Sep 2005 526 Posts	Re: Define greed Define greed You went long the dow for a target of 50 points, The market is going you way, it is now 30 points, you say hay here we go, then 40 points, You get confident, and say to you self I move my stop to break even, You watch the market it ticks 42 43 44 45, now only 5 points to you target, markets goes 46 45 44 45 44 43 42 39 35 32, now you thinking um maybe I should have got out at around 40 to 45. market goes 28 25, although you T,A got you in to the market, you are now ignoring it to get out, markets goes 20 18 22 20 19, You say to you self well I just sit back and wait,either my stop get hit or my target. Well you guess what he got out at break-even, when he place the break even trade he thought he was smart, But he was not smart enough to get out at around 40 when is charts was telling him to.he ignored it. Holding on for the last buck. That's what you call greed. Last edited by badtrader; Nov 20, 2005 at 6:38pm.

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