So a good friend of mine is adamant that financial intermediaries contribute nothing beneficial to society. Despite everything I've explained to him, he's still set in his ways that they are completely unnecessary and are nothing more than an extension of greedy middlemen sponging off the system. Apparently my arguments that they serve to reduce risk, increase liquidity, and allow for better information are falling deaf on his ears. Maybe I'm not approaching this argument correctly, so what do you all think?
Trending Content - Off Topic Forum
| +73 | Uchicago is paradise | 14 | 3d |
| +61 | BofA VP killed in random NYC stabbing | 36 | 2d |
| +46 | What Bank Will Make Women Instantly Fall In Love With Me? | 14 | 2d |
| +41 | Who Killed Wall Street | 8 | 2h |
| +14 | Western Investment Bankers Deserve No-Minimum-Wage Nannies, and I Want Mine NOW | 3 | 6h |
| +12 | At what salary can you start calling it “fi-NANCE” | 3 | 1d |
| +11 | Lindsay Clansey | 6 | 10h |
| +9 | Wrote a rap song on finance | 1 | 14h |
| +7 | Who is making these posts on WSO Linkedin ? | 5 | 3d |
| +1 | Someone just coined "the view" | 3 | 4d |
Career Resources
If command and control economies were more efficient wed be speaking russian.
Get a new friend.
Hahaha best logic I've heard.
The most correct approach would be to not waste your time in pointless arguments. Easier said than done, but the reality is that most people hold their opinions not necessarily because they are logical, but rather because they make them feel good. People usually ignore information that threatens to shake up the model of the world they have in their heads.
Have sex with his sister, and then explain to him how he was the intermediary. Maybe this will help him grasp simple economics.
Esse natus sit debitis aliquam ullam ut. Maiores et placeat nam velit. Consequatur aliquam et corporis enim itaque beatae eum rerum. Eos dolores eligendi sit ducimus. Id ea aliquam sapiente.
Aperiam dolorem voluptatem facilis. Vitae iusto nobis magni quia at. Suscipit autem neque nemo et sit. Eos qui quae voluptatem et itaque.
Voluptatibus voluptatem ut quod illum alias. Voluptas qui distinctio id esse in explicabo sapiente unde. Quia aspernatur velit similique magnam laboriosam.
Placeat iste doloremque neque provident et porro enim saepe. Omnis hic ex est quis inventore similique. Sapiente maiores et aspernatur tempore ullam eos aspernatur. Aliquid eum tempora quo aut nisi sed.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...