The following excerpt from a post at Phil's Favorites defines the last 30 years or so:
In Jesse's view, and we agree, the “yawning gap between productive labor and mere money manipulation” needs to be closed, and hard choices are required to resolve the unsustainable concentration of both power and risk. -- Entering the Debt Dimension
The amusing part about this 30 plus year manipulation run is that it is far more gratifying to actually produce something. I'm fortunate in that I realized this just 10 years or so into my investment career -- 20 years ago. Most of my former colleagues are still firmly ensconced in the manipulative world.
My ideas on making the switch to a productive environment can be found here.
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