It is sad to see people committing suicide over their losses, but it is never an act of honor as it claimed by this suicide. If you live like royalty for years on other peoples money, and lose it all through foolishness, the least you can do is stick around and make a full explanation of what happened, failure analysis, so we can make sure it does not happen again.
So many of these people put so much into one fund, a direct repudiation of the biblical advice to diversify? Because they have far more money than they can manage themselves? How did they accumulate so much? Only two ways: either cooperating or resisting government policy. In a free market, it is impossible to amass more wealth than you and yours can personally handle.
Here the 94th richest man alive kills himself over the financial problems. He made huge wrong-way bets on Volkswagen, and lost a half-billion. He has much more. (In the Volkswagen deal investors used free market thinking to win, and did.)
Will to suicide reflects an illness on some level, physical, mental or spiritual, or all three, which in some cases goes untreated. A free market in medicine would give us far more people working on these problems.
I've been told the time to take a suicide seriously is when the perpetrator names his method (gun, pills, jump...), at which point call in the professionals.
Sunday, January 4, 2009
Don't Call It Honor
Posted in Exceptional Wealth, free market by John Wiley Spiers
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