Monday, February 10, 2014

Let's talk about Turtles!

So  let's talk about Turtles!  No, not the 60's rock group or the animal, but rather let's learn about a unique group of commodity traders.  A couple of already wealthy commodities brokers decided they could take some people who knew nothing about trading and teach them how to become successful commodity investors.  Sort of a Pygmalion experiment.  These two wealthy men placed a want ad in the paper to get their candidates and then selected a group to become commodity traders.  The candidates had little or no knowledge about commodities trading.
These "inferior" people off the streets were given TWO WEEKS of intensive training, a set of guidelines and rules for trading, and ANYWHERE FROM FIVE HUNDRED THOUSAND DOLLARS TO SEVERAL MILLION DOLLARS TO TRADE WITH - OPPORTUNITY , EDUCATION AND FUNDING.  These "Turtle" traders as they became known, are legendary for their success and are still written and talked about today, some 30 years latter.




After a relatively short period of time, these traders set off on their own and continued to trade.  Many became very wealthy and some went off to become successful in other areas.   A minority few did not have great success, but still managed to trade.  But none of them probably would never have had the success and the wealth they attained if they had not been given the opportunity and the funding to become commodity traders.  Again these men went from inferior, entitlement seeking working class people to wealthy geniuses!  Amazing isn't it?!




Let's look at reality from the other end.  Consider Donald Trump.  Wikipedia had this to say.
"Considered one of best known real estate entrepreneurs in the United States, Trump is the son of Fred Trump, a wealthy New York City real-estate developer.  He worked for his father's firm, Elizabeth Trump & Son, while attending the Wharton School of the University of Pennsylvania, and in 1968 officially joined the company. He was given control of the company in 1971 and renamed it The Trump Organization."


Now I have nothing against Donald Trump, but here is a man who lived, breathed and learned NY real-estate from the day he was born.  How could he NOT learn????  And then he was given a company and a huge inheritance.  How could he not succeed and feel superior?   He obviously is a smart, well-educated man, but a genius, genetically superior?   I personally believe there are thousands, possibly millions of people who given his background and wealth could have done much more and could have really contributed much more to society.  Those people never had the opportunity, but they are not inferior people.  The above is a radical concept for the elite rulers of this society.


I view life in amerika as a hundred yard dash.  If you grew up in my economic group or poorer, you are starting the race at the goal line.  Others are starting at the 30 yard line and those who come from wealthy families are starting at the fifty yard line.   The latter group has a good head-start.  But even if you are talented, motivated and have the desire to succeed and can be competitive in the race after starting out with a big disadvantage, it does not mean you will succeed.  Remember, the fascist state has rigged the race against economically disadvantaged people.


One of not so bright elitist came out the other day and said that working class people shouldn't envy
rich people but rather they should work harder.  First, I believe most people don't envy the wealthy, they are "mad a hell" that the wealthy have stacked the deck against them to the point that the working class has little or no hope of getting ahead.  Coincidently, I just read a report that says working class amerikans work more hours than workers in other industrialized states.


Of course, all of the above avoids the real question which is "Is the meaning and purpose of life the accumulation of wealth?"  The fascist state wants you to believe so.   I've know a lot of very bright people and many of them had no interest in becoming extremely wealthy.  As long as they had a comfortable life, they had interests in other things.  The current course of fascist amerika seems to be to make the average amerikan's life so bad that they have to work "hard" just to survive.  And as I said, they are "mad as hell" about it.









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