Why trading can make you a worse person

Trading is addictive. We all know it is. More specifically, making money from trading is an addiction, and because of this addiction, people begin to stop worrying about the world around them. In fact, in some cases, they want the world to fall apart around them.

If someone has gone long on soybeans, for example, and supply suddenly rockets, they may wish for there to be a long drought in which supply suddenly falls far below the normal value. This may endanger millions of farmers’ livelihoods, but what do they care about? Their position.

It inherently lies in the fact that trading is an individual activity, and while reading Market Wizards, I have found that the author only reinforces this point by saying that if you integrate other people into your trading, you will fail. Hence, there is the competitive nature of traders.

Trading so deeply engrosses you that you do not care about the real world implications of price fluctuations, and as such, it could be said that it promotes apathy to those less fortunate. Isn’t that what we perceive as a bad person?

How tuition fees are denouncing a meritocratic society

We’ve all seen the headlines. Tuition fees are rising and increasing numbers of students are unable to pay their tuition fees and will be burdened by student debt for the rest of their lives.

As a result of this, students increasingly do not want to go to university in the knowledge that going to university could potentially make their entire lives debt-laden.

Education is a basic human right. Taking into account that knowledge, it is unfair, in my opinion, that only the financially affluent get to have the chance at a university education. A part of the American Dream was to make education available to everyone, so that those who want to be educated can be so, without the financial impediments that will face them later in life as a result for this.

In recent years, this dream has fallen flat on its face, with tuition fees soaring to higher levels than ever before. Now, it is not simply a matter of “the best get the best”, as the word “financially” has been prepositioned before the second word. This demeans meritocracy as no longer can the most intellectually capable students go to university on the basis of merit.

You are, in effect, reaping the rewards of your parents’ hard work. And, from this, it seems like we are moving away from the idealistic, utopian, meritocratic society that we all so very much desire.

Why London could soon be home of the rich

We’ve all seen the news.

House prices have been on the rise for a number of years now. And with that, the demand reduces, as either the opportunity cost is too high or people simply can’t afford them full stop.

With this, there begins to grow the theory that, if house prices continue to rise at this rate, only the richest of the rich will be able to buy these houses. The poor will be driven away almost completely.

A growing aura of power will surround those who inhabit the biggest, brightest and best houses in London. And, just like certain areas of Saudi Arabia and Dubai have become, the millionares and billionares will flock to London like moths to a light, because they will somehow “cement” their status as the best of the best.

The poor? Well, there’s no room for them.