News for hackers. Stuff that matters.

A comment on 40% of Americans can't cover a $400 emergency expense. Parent comment

Re:40% of Americans can't cover a $400 emergency expense by matte_black on Tuesday May 22, 2018 @06:35PM (#17129985)
Investors have to fight hard and endure a long time for every % of return. Society on the other hand will never be satisfied with their piece, they will always need more, and sooner not later.
[ Parent | on HN ]
Re:40% of Americans can't cover a $400 emergency expense by jadedhacker on Tuesday May 22, 2018 @06:39PM (#17130021)
Society has to fight hard and endure a long time for every % of return. Investors on the other hand will never be satisfied with their piece, they will always need more, and sooner not later.

Or as Adam Smith put it: "All for ourselves and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind."

https://www.quora.com/What-did-Adam-Smith-mean-when-he-said-...

[ Parent | on HN ]
Re:40% of Americans can't cover a $400 emergency expense by dv_dt on Tuesday May 22, 2018 @06:41PM (#17130032)
IMHO, this is 180 degrees backwards. It feels like most of the financial industry now is focused on short term profit optimization over long term value growth. Long term investors are notable exceptions.
[ Parent | on HN ]
Re:40% of Americans can't cover a $400 emergency expense by nrb on Tuesday May 22, 2018 @06:39PM (#17130014)
"Workers have to fight hard and endure a long time for every $ of income. Investors on the other hand will never be satisfied with their piece, they will always need more, and sooner not later."
[ Parent | on HN ]