Introduction to the Greed Series
I am going to be exploring the concept of greed by writing a series of blogs and getting feedback from those of you reading as well as from the people around me. Through my recent readings of finance, economics, and the news I have begun to question whether greed is good or bad. Since I am pursuing Financial Engineering and have read many news articles about how bad and greedy Financial Engineers are, I have started to question the society we live in. So please feel free to read the first paper below and give your feedback.
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| This photo is courtesy of InvestingCaffeine.com |
Greed - 1.0
The word greed has a negative
connotation. First we must define greed so that we can discuss the concept of
greed. According to Merriam-Webster online dictionary, greed is “a selfish and
excessive desire for more of something (as money) than is needed.” That
definition is basic and easy to understand at first but the question then
becomes what is needed? Is needed food and shelter? Or is it more than that? Is
love needed? The question of needs can become controversial and we will
therefore assume that it is food and shelter so that we can continue on our
exploration of greed. Greed dates back to the biblical times and is condoned by
Christians and many other religions as a sin. The question I would like to
explore is why is greed bad? Can we all be greedy and be happy? Or is greed bad
for a society?
