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If you were offered one billion dollars to quit trading would you accept the deal?
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If you were offered one billion dollars to quit trading would you accept the deal?

  #51 (permalink)
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Stop trading, but never stop training

I would not quit my training because I want to maintain as much physical fitness as possible.

I strongly agree that it would be more than worthwhile to quit TRADING in exchange for the opportunity to buy and sell politicians. Now THAT is a worthwhile goal, already practiced by the finest people, our Masters.

However, even after giving up trading, I would continue sharing my journey of self discovery in my Journal, and would double down on dispensing advice, possibly employing ghost writers from the motivational field.

Since Mrs. Valery KONE agrees, we are re-negotiating the amount of my grant, and exploring the possibility of supplemental funding from other donors.

"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.”
Prof. Albert Bartlett

Last edited by Zondor; February 15th, 2014 at 03:33 PM.
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  #52 (permalink)
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I would accept immediately because my goal isn´t trading at all, but to be able to travel the best surf-spots of the world.

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  #53 (permalink)
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I'm all in! The ultimate "One & Done" !!!

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  #54 (permalink)
1.Fibs 2.??? 3.Profit
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Yes! Thank you!

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  #55 (permalink)
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rmejia View Post
Yes! Thank you!

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This is the song I'd listen to upon accepting the deal and flying out

brought to you by @CFuture from song(s) of the day


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  #56 (permalink)
The fun is in the numbers
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YES!!!!!!!!!!!


artemiso View Post
I would decline the offer.
....
2. Philanthropy
Some of you have said that you'll spend more time on philanthropy - I think that's a bad use of money.

Not many people have heard of the Knut and Alice Wallenberg Foundation - they're the largest charitable organization in Sweden. Even with a $5.3 billion endowment, you can't really change the lives of millions on a sustainable basis. But everyone has heard of IKEA - and IKEA pays almost 140,000 people, and has over 500 million visitors, on an annual basis. IKEA has helped our college kids furnish their apartments, and middle-income homes and both small and large companies line their kitchen cabinets. Or consider Microsoft - not many of us are beneficiaries of the charities of Microsoft or even the Bill and Melinda Gates Foundation, but most of you are beneficiaries of the capitalist engine behind Microsoft since you're likely reading this behind a Windows PC.

What the third world needs is not humanitarian aid, but for-profit companies that provide telecommunications and household electronics (which I argue are more important than pharmaceuticals). I have to quote from the 2008 World Economic Forum: Capitalism takes interest in the fortunes of others and ties it to our interest in our own fortunes in ways that help advance both. This hybrid engine of self-interest and concern for others can serve a much wider circle of people than can be reached by self-interest or caring alone.

I think this is a limited view of what can be done will intelligence and money and a good heart.

In many places one can make a huge difference.

For example in Africa the Sahara is expanding at a rate of (50? miles) per year and creating starvation and lost of animal habitat. You can pay people to plant tress and push back the desert. They earn a livelihood, provide growth to the local economy helping others, provide more habitat for animals, increase ground water, increase oxygen in the air and reduce CO2 and help restore the planet.

An enterprise doesn't have to make a profit to help improve the planet.

The destruction of the planet/environment is largely caused by corporation seeking to maximize profits.

There is a website that provide the capital to start a business for individuals. They pay back the loan - if they can but the money is donated my individuals and if the loan is re-payed the money is re-donated.

Kiva - Loans that change lives
Kiva - About Us
https://secure.thebiggive.org.uk/charity/view/814/microloan-foundation

There is charity that provides a goat to a family which allows them to get food for themselves.

A young fellow (in high school) invented a sea-water desalination unit that runs on a solar panel. This small unit could transform the lives of millions who live without clean drinking water near oceans.

Countless more examples....

Only those who have no idea of the the suffering millions live (and die under) and the state of the planet tottering on the brink of environmental collapse would only think that because they are OK and have never known want that - business as usual is good enough.

Really much of the pain and suffering and destruction is founded in me first and F everyone else. For you to post that its a bad us of money and you can't changed lives in a sustainable way is untrue and a huge disservice to the energy of good that the others expressed.

Keep your mind in the future, in the now.
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  #57 (permalink)
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No doubt

Don't we day trade, so we don't have to work any more...this would just be the next step!

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  #58 (permalink)
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aquarian1 View Post
The destruction of the planet/environment is largely caused by corporation seeking to maximize profits.

The destruction of the environment is more likely caused by the collective effort of individuals seeking their selfish agenda than that of corporations seeking to maximize their profits.

For example, a single person's vote against nuclear power has more devastating (expected) effects on environment than the entire principal trading operations of Goldman and JP combined.

Nuclear power is cleaner than any other source of power. It takes up 2 orders of magnitude less space than a solar/wind farm and produces 3 orders of magnitude less waste than the amount that we could clean up with the cost-differential of building and maintaining a solar/wind farm. We easily have the financial resources to change this world by replacing every power generation plant with a nuclear reactor, yet people have pressurized their governments into reducing the number of nuclear reactors worldwide.

We could've done more for the environment at large by investing the sum total of humanitarian aid that was distributed in 2013 into nuclear research instead, yet we didn't do that because of selfish fears. Fortunately, there a few forward-moving cities: if you flew into Brussels, you'd see the parabolic cooling column of a nuclear reactor somewhere like 40 miles away from the city center.


aquarian1 View Post
Only those who have no idea of the the suffering millions live (and die under) and the state of the planet tottering on the brink of environmental collapse would only think that because they are OK and have never known want that - business as usual is good enough.

I don't agree with this line of reasoning because Bill Gates has a better idea of poverty and environmental issues than the regular Joe who voted against nuclear power.

That said, if I went with your line of reasoning, statistically-speaking, I should know more about poverty than you do. The median US household income was about $51,500 in 2013. My mother had to work past the age of 60 for an annual income of $19,980 (inflation-adjusted) to see me into college.

Going back on-topic, just as it takes time and effort to become a good trader, it's weird how people think they can instantly become good humanitarians if they were given $1B.


aquarian1 View Post
An enterprise doesn't have to make a profit to help improve the planet.

There is a website that provide the capital to start a business for individuals. They pay back the loan - if they can but the money is donated my individuals and if the loan is re-payed the money is re-donated.

Coincidentally, I happened to meet the people who seeded Kiva at Stanford last week. How do you think Kiva is being sustained? I can give you a hint - it's not being sustained by people who aren't making a profit.

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  #59 (permalink)
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Yes I would very happily take the money and then get other people to keep trading for me, or teach them how to do it.

Don't let money control you, control money!
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  #60 (permalink)
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@artemiso I'm glad you touched on nuclear power and I agree. It's just a shame the public's perspective is skewed from negative publicity about nuclear power disasters even though they are extremely rarely and usually a result of human error or experiments. People see what happened in Fukushima and they don't realize that it was an older power plant. The amount of electricity derived from nuclear power dwarfs everything else and I believe it's taken for granted. I'd probably try to find someway to profit from investing in thorium energy since it seems very promising and environmentally sound. The only problem is it takes a long time to get the permits and build a nuclear power plant. I've heard it takes over 10 years but I could be wrong. I'm not a huge advocate on peak oil but I do believe the energy problem needs to be addressed.



Last edited by Itchymoku; February 17th, 2014 at 11:23 PM.
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