However, the satisfaction of a successful corporate partnering can be great as well as profitable. However, one must carefully assess the risks. It is ones ability to overcome the risks which is the secret of success and wealth.
Here come the financial wizards. They don't deal in metals or mega bytes they deal in companies that make them. Combining them and financing them, taking them apart putting them together again. That's the stuff of modern fortunes.
How can one deal with those risks? These specialists that put these deals together insist they pass on the risks to other parties as well as their client’s. And by investing in each other, everyone's money will be safe. Profits without risk. Unscrupulous money men thought they could deflect the risk with sub-prime mortgages, mortgages ordinary families couldn’t afford.
They bought each other's debt and erased one another's risk by dealing with one another in a giant chain letter. Until someone realized that what they were trading wasn't worth a hill of beans. Tomorrow has arrived and now it seems everyone is paying the price, but were these guy’s as stupid as we’d like to think?
Are these people as brilliant as we thought they were? Maybe they are, as many of them have disappeared to enjoy their undeserved bonuses, and the tax payers are being forced to contribute to this global disgrace. The real fools here are you and me.
An unfortunate down side to capitalism is that a certain degree of greed is necessary. However, the level of greed has been unprecedented. Sadly it has far outweighed the degree of trust which is another integral component of capitalism.
Yet the greed that's taken over our banking system is undermining the trust of investors, who are necessary if there's going to be any money in the banking system to invest. In the US the authorities are busy tracking down these money wizards who were selling hedge funds when they new they were about to collapse - talk about unarmed robbery.
