[Skybird]

Found your enterprise - and keep owning it. No shareholders. No board of CEOs. If you give the market what the market wants, you sell your stuff and become rich. If you fail to find out what the am rket wants, you ruin ourself. Fair deal.



A unique characteristic of the German economy is that more than in any other country you have a high rate of family-owned companies here. This is one of the reaosn why sly fioxes and the Donald attack it so much, for here they cannot make easy gains by just buying stocks. Many of these comopanies also get managed very well, becasue thoise managing it are also the owners - and thus have stuff to lose if they mess the business up. Having your own skin in the fire teaches better thasn anythign else to act respnisbly and make wise, well-thjoght out decisions. Top manager-mercenaries of today that wander from one company to the next, maximise their inco9me and when thing sget hot just jump off the train, do not have this sense of obligation and respnisblity, nor do they stay long enough to gain a real senbse of comoetence for the branch they are currently working in.



I think this modern misculture of managment does more bad than good to the overall economies around the globe. It also ruins the loyalty of the workers to their employer .


Also, many do not correctly understand what "invetsing" really means, they< think it is a nice casiuono gamble to place a bet and win a profit, in other words: they are exlcusively thinkling in self-focussed terms. Originally, the school of clasiscal national economics as wel,las the Austriansa chool knew this, it means to act due to understanding that you make y profit if you helkp to foster tzhe genrral econmic climate - by keeping prospering businesses alive and suzpporting the,m, while sortiung the mismanaged, fialig n ones out. The profit from stocks came as a (welcomed) side-effect - it was not the main goal alone, however. Investing means to do your share in supporting the national economy - and getting a reward for that.


This today is understood only by professional fond managers who have maintained a minimum of sense of ethical responsibility for themselves. And most lack that, I think. With investment bankers, its even worse.



They term "making money" is terirbly misunderstood these days. It has nothing to do with how Ayn Rand understood the term in her thinking system. If these modern predators claim they base their working mind on Rand, then they make mockery of her.