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Has the world become a better place? Have all public stupidities been intelligently resolved? Is the newspaper reporting only honest fact?
Never fear, the answer is, "None of the above".
This blog had temporarily silenced its Ranting and Raving (and its Raging) while Agamedes went on holiday. It's hard to maintain the rant when enjoying a good holiday. It's even harder to maintain the blog, when internet access is restricted to two lots of twenty minutes while waiting for a meal to be served in an excellent cafe with free internet access.
Yet rest assured, the world is still full of unthinking stupidity.
Agamedes noted and Agamedes cared but for a short time Agamedes was not driven to rage back at an uncaring world... Your blog author was on holiday and the world could embarrass itself without being seriously challenged.
But now...
On Friday 3 December 2010, The West Australian published an article headlined, Golden boy trips on insider trading conviction. This is a story by Stuart Washington, of a rich man sentenced to jail for insider trading. The story begins:
From one of Sydney's best suburbs. Schooled in Sydney's most prestigious schools and universities and from one of Sydney's leading families. Then something went wrong.Then something went wrong?!
According to the article, John Joseph Hartman was earning $350,000 a year in his first job after graduation. Did daddy pull strings to get him this job? Or was he employed because of the scent of success and power which he brought to his employer. A scent of success and power which would have clung naturally to the son of a rich and successful "celebrity obstetrician".
Whatever the reason, the best way to become rich and famous is to start off rich and famous.
And this -- starting off rich and famous -- guarantees an honest and law-abiding approach to business. According to journalist Stuart Washington. Who is surprised that Hartman went into insider trading.
First off, a question for all of you who have considered trading in shares but worried that you don't know good shares from bad: Where do you go for advice? To someone who knows, of course. And who has the best advice on what shares to buy and sell? Someone with close-up -- inside -- knowledge, of course.
Do you ever doubt that insider trading is the best way to get rich on share trading?
Do you ever doubt that successful share traders routinely seek out and use insider information?
Do you ever wish that you too had insider information?
Do you wonder at what point -- and why -- insider trading suddenly becomes illegal?
So a rich kid becomes a well-paid employee, then uses information from his work to make himself even richer. So what's surprising? What's surprising is only that he was caught.
The real surprise is, that he was from a rich family, that he was well educated, that he was hand-picked to be a salaried "playboy who enjoyed trips to Las Vegas and luxury cars in his go-go life" -- and that he was caught!
Being rich and being well-bred makes you a "golden boy"? Come on, get real!
Perhaps being rich and being well-bred makes you careless. Makes you believe that you can flaunt your insider trading. Makes you believe that you have a right to cheat and steal.
Now that I can believe.
Poor bloke. I just hope that he blames his parents for training him to be rich and powerful. And careless.
Agamedes Consulting. Support for your thought: email nick leth at gmail dot com |
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