Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Saturday, January 25, 2014

Quote of the Day

"the thing that most fascinates me about this type of person is that he is entirely oblivious to the fact that in the world of adam smith – the world in which this clown believes he is living – you can’t get that wealthy.

free markets do not produce wealth: oligopoly produces wealth.

which is to say, cheating produces wealth (or, alternatively, behind every great fortune lies a crime).

i suspect that perkins has given this reality approximately 3 nanoseconds of thought in his life – and then dismissed it as irrelevant. he’s a maker, after all!"

-- Commenter Howard at LGM, on SF Bay area venture capitalist Tom Perkins.

4 comments:

BadTux said...

It amazes me that people who do nothing more than move pieces of colored toilet paper from point A to point B somehow confuse this with actually making or creating something. No. The engineers and technicians who design and build stuff are makers. People like Mr. Perkins are merely paper shufflers whose sole purpose is to match supply and demand for pieces of green toilet paper, who, in a just world, would get paid similar to anybody else who regularly handles toilet paper -- i.e., about as much as a janitor.

- Badtux the Maker Penguin

Jazzbumpa said...

Yeah. I'd never heard of the guy.

He is one amazing douche.

BadTux said...

Let's put it this way: He's such a douche that even Danielle Steel, who is such a douche that she wrote a 3 page letter berating a SF Chronicle columnist who called the hedge outside her SF mansion "ugly", couldn't put up with him. I.e., even a douche thinks he's a douche.

- BT

Jazzbumpa said...

The LGM commentariat did quite of job of exposing his uber-douchiness.

And she does have a very impressive hedge.

But he's a venture capitalist, not a hedge funder.

Oh, well . . .