Comment by stuartaxelowen
9 days ago
It seems that we have forgotten how to distinguish between value and profit, and now celebrate the latter instead of the former. Currency enables ever broader and more niche markets, but the financialization of everything is the Faustian bargain; we gained niche hobbies but lost our souls?
Not only value and profit, but also assets, cash flow and debt.
Altogether in terms of currency, very hard to distinguish in the most meaningful way.
It's too easy for the real non-dollar value element to slip through the cracks, and even end up completely gone, in a system where true value itself is not prominent enough to be recognized as the source of highest growth, like it often happens so many times but has been forgotten.
Success can spoil you too.
Once you've got so much more cash than value at any one time because you've been leveraging a productive opportunity well, and taking profits aside regularly, if you're not careful the currency amount alone can seem like enough on its own.
Uh oh.