Phase 3: Profit !

Taking risk = Milking ?

Gevlon had another interesting post on Milking morons
As usual he topics and wording is as controversial as he can get. He’s definition on stupid is kinda different from others, but if we accept that, most of the article make sense.

However, there is some point I had doubt on that.

There must be work for a win-win scenario. If there is no work done, it’s a zero-sum action, you make profit from the dumbness of some victim.

This may be true. (I am not sure, I didn’t think it through yet, but it problay is)

There are no good reasons here (Zekta supplement: to not take risk).

• One reason is simply being unable to calculate odds.
• The other one is simple cowardice (unable to stand unsure situations), that’s mental weakness (stupidity).
• The third one is being unable to survive if the investment goes down, that’s lack of safety-money which is the result of previous stupid moves.

There is only one kind of the business where no one is stupid. When I’m able to do something (as I have skills and devices) and you are able to do something else. I sell you my service, you sell me yours. — Gelvon’s Zero-Sum Assumption

The knowledge of the market is the  skills and devices. One had to take time and effort to know what’s going on the market, without such knowledge, doing business in the field is risky. If two person would specialized in different market, there trading is the same as a “no-one is stupid” trade …

Examples

If I’m a skilled carpenter but not a skilled car mechanic, you are better off paying me making your roof than doing it yourself as I’m also better of get my car fixed than do it myself.

Vs

If I had keep an eye on the gem market and understand what’s in demand for the past 3 months, you are better off trade me the stack of gem you got to the mini-pet you are good at selling.

I personally don’t see much different on that two example.

Zekta -

To put it short, The Knowledge of Trading is the “Work Done” in Gevlon’s Zero-Sum Assumption.

And that’s made the trade not necessary “Moron-Required” .