This weekend, I had the pleasure of hanging out with physicist and financial expert, Dr. David Sarno. We discussed topics such as whether or not the stock market really works, the role of humans in the economy, and the role of government and other institutions in helping the economy. David started by sharing a story of his father, a WWII veteran who developed a simple math problem, to help him understand the stock market.
He said the stock market is not just about buying a stock, but about how much money you have, how much you control, and how your personal decisions affect the financial system around you. David said that he has a friend who is currently in the stock market and he’s getting a huge amount of money. A year ago, this friend’s father was in retirement on a small pension and didn’t have any money left to invest.
For David, the financial system is about having the ability to have a small amount of money, to keep that money safe, and to know that as long as you have that money, you can make the investments that matter in your life, and make the decisions that matter in your life.
When David was in his late 20’s, he was a physics graduate student in the U.S. working at a university as a scientist. He says that his father was a very well-off academic scientist who was a very successful man. However, his father’s career was cut short when he was diagnosed with cancer. David says that his father had an expensive drug, and it was a cancer drug that he had to take.
This is all well and good, but for a lot of people, it’s hard to take this stuff literally. It seems to be a pretty common belief that if you are a successful person, you deserve money. However, this is not the case. I think we all know enough about how successful people behave and how they are treated that we can know if they deserve money and if they don’t, we can’t.
If you’re a successful person, you should receive something from your success. When you see that you are not successful, it makes it hard to feel that you deserve something. However, if you see that you are in fact successful, you should take pride in it. You should feel that you deserve that success. You should feel that you deserve to be successful. It’s one of those things that we should all do.
The point being? You can’t receive the same amount of money in a successful business if you didn’t work for it. If you don’t work for it, you’re not going to receive the same level of success. Some people, particularly small businesses, have started to receive some compensation for their work.
You know what most people are like? They work for a company that employs a lot of people, and they expect to be paid a lot of money. If they’re working for a company that is making a lot of money then they will just use that money to buy fancy suits, expensive cars, to travel to fancy restaurants, to keep their company from going under, and so on.
In a sense, the idea is that the people making most of the money in a company have something to hide. That they are a lot more comfortable and privileged than others, so they can continue to receive a huge amount of money without having to worry about the repercussions. That’s why a lot of people are going to be so excited when they hear about a company that is taking a new approach to compensation.
There is a bit of a catch in this, because people don’t really know what to make of a “pay for performance” system like that. In many companies, pay for performance is a part of the compensation package, but it’s also a tool used to manage employee morale and motivate them to do better.
