Depending how one looks at it, even normal investing can be considered gambling. But at the very least, investing is not leveraged, and it is surer and more calculated risk than sports or race gambling. The latter is fixed because of behind the scenes corruption; but with investing, it’s more regulated and so long as you invest in trustworthy companies, it’ll be fine.
There is a workaround to the moral problem like hedging with CFD, because you don’t technically own shares and thus not funding companies you dislike, you are simply betting on whether the company’s share price will either go up or down. But as mentioned, it is leveraged and therefore betting and gambling. There is also holding fees which eats away at the profits in CFD.
I have a colleague who invested in Palantir. I mentioned to him of the controversy with the company but he just shrugged it since he made some money before selling the shares. I don’t really pass judgement on many those who invest in unethical companies simply because the old fashioned way of working and saving simply doesn’t cut it anymore. The older generations could party and travel in their twenty’s, and buy a house and have family in their thirty’s. The younger generation can’t really do that anymore.
I also do investing and I realised that it’s hard to be ethical under a capitalist system. There are index funds I want to invest in because of lower initial investment requirement, but I don’t like the companies listed in those funds. And thus I have to individually invest in companies I like, but I have little gains because my capital is spread out across various equities.
The US House of Cards based the Underwoods to the Clintons. Does that mean the Clintons and Trump had a meechsome? Is Meechum based on Trump?
In the Ubisoft trading community that I mentioned, some folks blamed UbiSoft’s downfall for “being woke”. As if Ubisoft’s blind chasing of money, abandoning most of their IP, selling broke products, and last but not least an executive telling consumers to get used to not owning games are not bigger factors.
The Ubisoft trading community are coping to justify holding on to their tanking investments. It’s a gambler doubling down on losing.
Christ, how the mighty Ubisoft has fallen. They will go the way of EA and become a spyware company for the decadent Arab royals. I’m just crying that Ubisoft made some of my favourite games growing up and look what they have done to my boy-- a rotting zombie 🥲
Serious question, why are those who hit a bully get punished instead? No wonder there is rise of authoritarianism because the bully are practically worshipped and given a pass. Bullying is embedded in the culture.
It’s a catch 22 for Putin. If he quits the war now, he will face domestic coup because it showed how weak he is. If he continues the war longer, it will jeopardise the entire future of the Russian country even further.
They are undoing New Deal. It’s all part of the plan.
I, too, am tired of these “any minute now” nonsense about Russia’s potential fall. The problem with people is the craving for instant gratification and results. We’re so pathetic in that regard.
People with longer optics will say that Putinist Russia will fall, but it will be at any time in the coming years. It’s always a slow burn just like US decline since Iraq and Afgan war. Imperialist escapades will always have negative consequences to the imperialist state which reverberate across time. The only winner coming out of both US and Russian declines is China. Maybe India and Brazil will benefit from this as well. Perhaps Europe as well if Europe could decouple from the US in due time.
Anything but socialised housing!
This is feudalism in another name. This is precisely techno-feudalism to give it a more updated term.
And being fed by humans is amazing.
We laugh at this, but the older generations still remember when the mortgage interest was this high. I don’t know where you guys are from, but there is an old news reel from the 1970s here in Ireland when young families at the time complained of “high” house prices of up to 72,000 pounds, with mortgage interest of 14%. The folks on social media had their jaws dropped on learning of how high the interest rate was, but how cheap the overall property value was back then. Now how much are those said houses at the moment? They are now worth between €690,000 to €1.5 million. High valuation but the interest rate is down in proportion. In any case, only few could afford to buy houses these days due to inflation and wages haven’t kept up with it.
WHAT’S IN THE AIR FRYER?!
Someone probably tried to teach him how rare earths are important to manufacture electronics like he is five years old. And like a five year old he is, he of course didn’t understand.
Companies go along where the social pendulum swings. Only few companies genuinely care of social progress.
Apparently Chuck Schumer already knew those 8 Dems will cross the aisle.
I would probably just consider an old mate a Facebook friend now, not a personal friend anymore, because keeps posting far right stuff online even though he is a brown immigrant. And at the very least, I hope he isn’t a pedophile.
Reactance is weird. When I was in school my parents telling me to study actually puts me off from studying. But now I am a working adult, I had to let being bossed around by peers from another team that I support so that I don’t get into trouble. Good thing I got a promotion so I don’t have to deal with them eejits.
Starpage is slightly better than DDG. I like how SP also enables masked entry into a website.