JamesRosford

I love the competitive challenge that the market triggers in people. Returns are returns and they are measured in percentages. I like the fact that finance people are hyper competitive and are always comparing to each other’s percentage returns. I cling to the idea that I will probably never have as many assets under management as a Warren Buffett or a Bill Gross but at least on some level I can compare my ability as a market analyst against them. Everyone gets to play the part that they want in the markets; for me, that is being a capitalist, an allocator of scarce resources to businesses. I think it is one of the most important jobs in the world, because even on the microcosmic level that I am operating on now it has an impact on a company’s cost of capital which impacts their business investment decisions.