I was going to post this as a reply to Snakey in the thread http://www.aussiestockforums.com/for...ote=1&p=266151Greedy pig - "Oh I've made shyt loads of money from RE... Best I double my position now so I can make double a shyt load in the future".
However I find the concept of greed held by quite a few here very interesting.
Before I give my own personal view I thought what is peoples definition of GREED and how do they quantify and justify the level of financial succes as greed.
(1) My own view of greed is one of a Dictatorship,or Government who have no regard for their constituents---simply bleeding them dry with no concern for their well being---quelling up rising with force--read death.
(2) On the other side of the coin---people who CHOOSE not to take care of their own finances now or in the future and expect in fact demand they be taken care of by Government and in turn YOU and I by way of welfare--Welfare cheats.
I do not classify those who have spectacular success in creating financial wealth through legal means as greedy---IF when they reach the point where they have ample wealth they can and do help others---at their DISCRETION.
Packer was a perfect example-- Gates does---many "Movie Stars" do.
Some here do.