Originally Posted by
dwalker460
I think we have some basic misunderstandings as to wealth, so maybe this will help clarify-
No matter how much you have, its yours. Its not yours and the governments, or yours and your neighbors, its yours. Now some people, they hit a comfort zone and could care less about making more, but threaten to pull them out of that comfort zone and they circle the wagons and cut costs and may even try harder to increase income.
Others never get enough. A single dime loss on their balance sheet is a cause for alarm. Now, a socialist will say, its morally wrong to have all that wealth and not want to help people out, or lose a little bit for the greater good. Eff that. Its morally wrong to ask me to hurt myself to help you, and I am the one who gets to define what hurt is.
Personally I trade currency a lot, so I am very aware of movement in the markets. Some days I can bank $10K, just by clicking a few keys and risking a little money. Some days I lose. And no matter how small that loss is, No matter how much I bank- literally I could make 5k on one trade and turn around and lose $200 and it would bug me all day- I hate it. Its part of the process, but I hate it and do everything I can to avoid it. If it ever got to the point I felt I was going to lose more than win, I would get out.
No difference with the resort king in the article or any other business man, if the costs outweigh the benefits, if the risk is too great, its time to get out. Doesnt matter if he has 100billion sitting in the bank and could support the business and the employees for the rest of his life, if it puts him out of his comfort level, that that.