Since getting into business 11 years ago, I’ve noticed two types of (legal) money earners. Those who create value and those who just clip.
Creators and clippers.
The creators are restaurant owners, manufacturers, engineering companies, Uber drivers, tradesmen - people who create value from the ground up. Without them, there’s an obvious void.
The clippers are generally middlemen. They take a clip from a deal, usually between two parties. Or they take value instead of providing it - gamblers, shitcoin traders, resellers of scarce products.
The creators provide genuine value. They clearly make society better through their products and services.
I highly respect the creators (the honest ones, that is).
I hardly respect the clippers. Definitely not clippers that just leech off society. Their point of view usually starts off with "hey, it's not illegal...".
Buying a bunch of limited stock to take them off the retail market then reselling them at a huge mark-up on eBay is hardly something to be proud of.
With that said, it isn't always black and white. It's a sliding scale with highly respected creators (e.g. Elon Musk) on one end and leeches on the other. Creators and clippers lie between both extremes, and sometimes overlap.
For example, I respect and admire an experienced broker who lands the best deal on the market for his client. But to the same extent as the owner of a popular restaurant? No chance.
Being a creator is backed by long lasting passion, meaning and fulfillment. Clipping usually provides short bursts of ecstasy until the next deal comes along.
I'd take option one any day.
Creators and clippers.
The creators are restaurant owners, manufacturers, engineering companies, Uber drivers, tradesmen - people who create value from the ground up. Without them, there’s an obvious void.
The clippers are generally middlemen. They take a clip from a deal, usually between two parties. Or they take value instead of providing it - gamblers, shitcoin traders, resellers of scarce products.
The creators provide genuine value. They clearly make society better through their products and services.
I highly respect the creators (the honest ones, that is).
I hardly respect the clippers. Definitely not clippers that just leech off society. Their point of view usually starts off with "hey, it's not illegal...".
Buying a bunch of limited stock to take them off the retail market then reselling them at a huge mark-up on eBay is hardly something to be proud of.
With that said, it isn't always black and white. It's a sliding scale with highly respected creators (e.g. Elon Musk) on one end and leeches on the other. Creators and clippers lie between both extremes, and sometimes overlap.
For example, I respect and admire an experienced broker who lands the best deal on the market for his client. But to the same extent as the owner of a popular restaurant? No chance.
Being a creator is backed by long lasting passion, meaning and fulfillment. Clipping usually provides short bursts of ecstasy until the next deal comes along.
I'd take option one any day.