Monday, February 3, 2014

I wanted more money for exactly the same reason an alcoholic needs another drink: I was addicted.

IN my last year on Wall Street my bonus was $3.6 million — and I was angry because it wasn't big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic goal in mind. I wanted more money for exactly the same reason an alcoholic needs another drink: I was addicted.

Eight years earlier, I'd walked onto the trading floor at Credit Suisse First Boston to begin my summer internship. I already knew I wanted to be rich, but when I started out I had a different idea about what wealth meant. I'd come to Wall Street after reading in the book "Liar's Poker" how Michael Lewis earned a $225,000 bonus after just two years of work on a trading floor. That seemed like a fortune. Every January and February, I think about that time, because these are the months when bonuses are decided and distributed, when fortunes are made.


Read full article on NYTimes website:
http://www.nytimes.com/2014/01/19/opinion/sunday/for-the-love-of-money.html?_r=4
All truth passes through three stages. First, it is ridiculed, second, it is violently opposed, and third, it is accepted as self-evident. (Arthur Schopenhauer)
 
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