In many business literature involving legendary CEOs and entrepreneurs, the constant advice one would occasionally hear from them is necessity of greed in order to ensure the success of business. Greed is a necessity because businessmen are driven to acquire a profit in their undertaking and they are relentless in their pursuit of opportunities. It is no wonder then that most people generally attach the prefix of “shrewd and greedy” to businessman. And greed has a generally negative moral connotation because we are being taught since birth to be “happy” with what we have and to be generally considerate to others. It is in other words, a moral limit to our acquisitive human nature. However, I would like to clear up some “misunderstanding” about greed but I would like to emphasize that this is strictly a private opinion, you may not have to agree with what I’ve discussed. However, I would advise people to seriously think about it too. Here are a few rules that I find relevant:
1. You don’t have to steal anything. There is always a “legal” way of obtaining what you want. Remember this, greed is the act of acquiring things that you don’t need or that your appetite can no longer support. In other words, an individual just keep on acquiring things even though he has no use of it or in that he no longer needs them like having 10 cars when a person could just ride one of them or having too much money to spend. Stealing on the other hand is the act of acquiring things that doesn’t belong to you. Thieves are generally greedy by nature because they wanted somebody else’s stuffs but not all greedy people are thieves! I’m emphasizing this because some people generally felt that being an acquisitive greed is equal to stealing. It is not!
2. There are some businesses that you don’t go into because it contradicts your principle even if you are greedy. Not all greedy person would want to go into illegal businesses like drug trafficking, gambling, slave trafficking, porn, prostitutions, and others even if the said person has the means and opportunity to do so.
3. There are things more important than money and money couldn’t buy everything. Every greedy people would subscribe to that. Health, love, life are some of the things that one couldn’t simply buy.
4. Know when to quit especially when you’re ahead. As Warren Buffet would say, “to be greedy when others are fearful (meaning to pound on opportunity and take risks) and to be fearful when others are greedy (meaning get out while you still can)”.
5. Know when to cut your losses before it is too late. It would be very difficult if one is greedy but generally, one would “know” and be fearful especially when the losses mounts.
6. Risk taking is not gambling. Gamblers are generally risk takers and greedy but taking risks in business is not gambling but more of a calculated move. It is not by luck.
1. You don’t have to steal anything. There is always a “legal” way of obtaining what you want. Remember this, greed is the act of acquiring things that you don’t need or that your appetite can no longer support. In other words, an individual just keep on acquiring things even though he has no use of it or in that he no longer needs them like having 10 cars when a person could just ride one of them or having too much money to spend. Stealing on the other hand is the act of acquiring things that doesn’t belong to you. Thieves are generally greedy by nature because they wanted somebody else’s stuffs but not all greedy people are thieves! I’m emphasizing this because some people generally felt that being an acquisitive greed is equal to stealing. It is not!
2. There are some businesses that you don’t go into because it contradicts your principle even if you are greedy. Not all greedy person would want to go into illegal businesses like drug trafficking, gambling, slave trafficking, porn, prostitutions, and others even if the said person has the means and opportunity to do so.
3. There are things more important than money and money couldn’t buy everything. Every greedy people would subscribe to that. Health, love, life are some of the things that one couldn’t simply buy.
4. Know when to quit especially when you’re ahead. As Warren Buffet would say, “to be greedy when others are fearful (meaning to pound on opportunity and take risks) and to be fearful when others are greedy (meaning get out while you still can)”.
5. Know when to cut your losses before it is too late. It would be very difficult if one is greedy but generally, one would “know” and be fearful especially when the losses mounts.
6. Risk taking is not gambling. Gamblers are generally risk takers and greedy but taking risks in business is not gambling but more of a calculated move. It is not by luck.
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