Capitalism Not Based on Greed

Capitalism is not based on greed like a lot of people think. Generally speaking, people who go into business to make a reasonable return do better. I have done well in the stock market, I believe because I am not greedy. I just want a reasonable return on my money.

I am not into stock trading. I buy good companies and I keep them. I think that this is the best way to profit from stock market investing.

Capitalism is based on trust. Under capitalism, you trust who you buy goods from and they to trust you as a customer. However, we seem to be in a low trust state currently. So many people feel that companies are just out to cheat them. Because of the attitude customers feel that they can steal from stores. This will not end well.

Walter E. Williams says: “Capitalism is relatively new in human history. Prior to capitalism, the way people amassed great wealth was by looting, plundering, and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.”

On my other blog I wrote yesterday about Power Corp of Canada (TSX-POW, OTC-PWCDF) ... learn more. Next, I will write about Ag Growth International (TSX-AFN, OTC-AGGZF) ... learn more on Friday, May 16, 2025 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. I am not a licensed professional investment advisor. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

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