In the NYTimes today I read, "The S.E.C. (Security and Exchange Commission) is considering making stock and insurance brokers put their customers' interests first."
Who could be against this rule? Maybe the stock and insurance brokers. Maybe me.
The problem, as I see it, is that it would encourage too much trust in these guys (and gals). And trust that has not been earned. I'd rather put it out there that stock and insurance brokers are very interested in making lots of money and you should expect that, and carefully chew on everything they tell you.
One of the best teachers I've know hated his job and just did it for the money. But he knew his stuff and knew how to teach. As long as the money came in, he did a great job.
Here's the original article by Milton Friedman where he wrote that the social responsibility of business is to make a profit. This is probably the most controversial and least understood statement that he made.
Continuing on the theme of dana (Buddhist for giving), I heard some interesting facts about ants yesterday.
1) They feel and smell through their feelers.
2) They have two eye sockets, each containing lots of eyes. (Imagine what things must look like!)
3) When they find food, they leave a scent trail so others can find it.
4) They have two stomachs, one for themselves and one for their buddies.
I wonder what we have that is for the benefit of all beings? Are we hard-wired for generosity? How?
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