Wednesday, 10 February 2010

Yaron Brook - 'The Morality of Investing and Financial Markets'

Yaron Brook is the president and executive director of the Ayn Rand Institute, which promotes the novels of Ayn Rand and her philosophy of Objectivism. He served in the Israeli Army military intelligence, is a former professor with a PHD in Finance and cofounded and is managing director and chairman of BH Equity research, a financial advisory firm. He frequently features as a radio and TV having appeared on Fox Business News, Fox News(*Glenn Beck*,*The O'Reilly Factor, Your World with Neil Cavuto, At Large with Geraldo Rivera*), CNN (*Talkback Live*), CNBC (*CNBC Reports, Closing Bell*and*On the Money*), and C-SPAN.

Dr Yaron Brook explains how and why it is moral and appropriate to be a professional investor or in the financial markets, contrary to popular opinion which holds that investors are just feeding off of those “real capitalists” who make products. He argues that, in fact, professional investing, can be a profoundly moral profession.

Co-host: Capitox

The two videos beneath are the Q&A session which followed his talk.


Adam said...

he spends half an hour saying nothing of any significance.

Trade is mutually beneficial, wow, big discovery.
I guess thats what people learn in their phds nowadays.

Gideon said...

"Nothing of any significance"!!???

In his talk, Yaron Brook discussed the basic moral and philosophic reason why capitalism is disliked by the public, he denounced the morality of self-sacrifice, he defends Ayn Rand's virtue of selfishness and insists that capitalism can only be defended on that basis. He traced the history of attitudes toward bankers and investors, who he praises as "moral heroes" for their productive capacity. He discussed, among other things, how government controls led to the financial crisis.

He also addressed a variety of fascinating issues in the q & a, including public education, anarcho-capitalism, privatization of money, the proper functions of government, how a free government is funded, and numerous others.

I think all of these issues are of the highest possible significance.