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JacobGalt last won the day on January 11 2011
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They actually tend to return LESS than the market, due to fees and other costs. That's my main point.
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In a world that no stock funds (i.e. funds that invest most of their assets in public companies) existed, the average return of stock investing would go up (due to management fees being eliminated) and the people who worked in those funds and received the management fees would be doing more productive work. Why doesn't the world tend to this? Is it because everyone thinks their stock fund can beat the stock market?
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My theory: Suppose someone's goal is to benefit the poor and needy. For example, he wants to solve the problem of poor old people that don't have nurses and/or babysitters. There are 2 things he can do: 1. Voluntary work. Become a nurse and work for free for a granny. 2. Continue producing in his current work. Hire a nurse to work for free for the granny. Assuming that in his current work he is more productive and creates more than wealth than he would do if he were a voluntary nurse, he's hurting the poor by doing voluntary work. The only way that voluntary work would be helpfu
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Why π is an irrational number This is a question I've had for over 5 months and recently I think I've found the perfect solution for it. This is the first draft of my thesis. Be in mind that I'm only a 17-year-old engineering student and that English is my second language. Also, it is possible (and probable) that many other people have written about this, but I've come up with what I've written by myself. According to the Euclidean geometry, a circle is a two-dimensional figure formed by the points equidistant from a center. This set of points is called a circumference and the distan
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- pi
- irrational
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Does anyone have access to this article? If not, can someone summarize it for me? Thanks.
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dream_weaver reacted to a post in a topic: More annoying questions
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ObjectivistMathematician is right about 1,2,3 and 5; I'll answer 4 for him. Objectivism is opposed to government currency as such. Money should be printed by private banks. That way, it is likely that most currencies would be tied to hard assets like gold or silver, but it is possible that some currencies were fiat ones, i.e., that its ammount would be set by decree.
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I don't know if this is the correct subforum to be posting this, but here it goes anyway. I want to know from Objectivists what do you feel when you smoke marijuana. I'm asking this to Objectivists because you are the only ones whom I can trust can and will give and objective and detailed description of the experience. I await your replies. Thanks.
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SD26 reacted to a post in a topic: Keith Olbermann- We Must Get Back to Calm & Sanity in our Politica
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Would you say it would be improper for Germans in the 1940s to kill Nazi politicians?
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Are the current most popular singles, like "The Time (Dirty Bit)" by the Black Eyed Peas or "Only Girl In The World" by Rihanna, quality music according to Objectivism? Their rhythm typically mix dance with rap, and their lyrics tend to be about enjoying life (according to them, it consists of going to parties, getting drunk and getting girls). Can that constitute objectively good art?