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"Not understanding the transaction" is pretty much how all good deals are made. This has been well know for 10,000 years.


Caveat Emptor, right?

I just dream of a world where people are more honest than that. Just because that's the way it's been doesn't make it okay, nor right. People of integrity do not act this way. When I see people claiming it's alright to act this way, personally I make a note to stay far away from them, and especially to never do business with them.


Same. Personal integrity has a value, and for people who clearly show they don’t value their own, well, it is worth noting.

We can’t change the world, but we can do our small part to be good people.


> I make a note to stay far away from them, and especially to never do business with them.

I have some really bad news about most of the multinational corporations you probably do business with, esp. if you are buying commodities.


That still doesn't make it okay. At no point have I denied this reality. It just makes me very sad that this is the reality we find ourselves in.


Sadly, if you keep going, you might run out of people to do business with.


Are you trying to convince me that I should lower my standards, or are you sharing in my despair for the reality we find ourselves in?


Just lamenting the situation. Most people just taking advantage of each other for some extra digits in their bank account, and you either have to play the game or lose by default.


>lose by default

I don't believe that's true. I've found success in my personal life this way, and the journey is more important than the destination. Will success really feel like success if I achieve it in ways I think are morally wrong? I doubt it. It's true I can't eat my integrity, but I've not yet found myself in a situation where that is a factor.


[flagged]


Yeah, I view it as payment for providing liquidity in regions without strong market access.

Just like the Europeans rightfully got North America after providing liquidity in the bead & feathers market for Native Americans.


Maybe that's patronizing a little? Living in a tin-roofed house doesn't mean he's not able to google.


Sure, but maybe there aren't many rare meteorite identification and pricing resources in Indonesian or the Malay-dialect he speaks? Or maybe his phone was out of data for the month? Personally I'm not sure I'd be able to identify a meteorite that fell on my house by googling it, I'd likely need to find an appraiser, which I'm assuming is much easier here in NYC than a village in North Sumatra. Clearly he wasn't aware of its worth if he sold it for $16k and it got flipped for $1+ million.

This coincidentally came in to my inbox two hours ago, which encapsulates my thought: "We cannot succeed if we only pursue our own success and prosperity, and not the well-being of others." - Thich Nhat Hanh


good deal != fair deal




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