How good is GREED?
– 07 July 2008 – Warren Buffet calls it calculated, Ivan Boesky (1987 Wall Street Arbitrageur) said its good, Catholicism considers it one among the top seven sins and environmentalists may call it a disease. Greed means different things to different people. And speculation though considered the foundation stone of the capitalist society, in its extreme form, greed, can bring everything down. It does not take much, to tip over the other side, the cycle of human folly repeats, says Peter Hamilton, in his book, The stock market barometer. The greatest essentials in the development of a nation, speculation leads to healthy risk taking. However, pushed harder, the virtue loses its balance and moves to the other unbalancing extreme. Greed is defined as the selfish desire for or pursuit of money, wealth, power, food, or other possessions, especially when this denies the same object to others. So how does something so virtuous become so vicious? People are mentioned as universally greedy, whe
