This podcast was an eye-opener on numerous things, how people will do what they’re told as long they benefit from it and come out of it unharmed. Most if not all have a goal in mind, and we’ll even listen to people who’ve already approached that goal–what they did, how they did it, etc. But, at times as one draws nearer to their goal, what they did to get to where they are may seem unethical.
Although it isn’t explicitly said in the podcast that not everyone is greedy, it is depicted that people will do things they’re told not knowing or caring about the effects their actions can have on people around them, out of fear or just giving in to conformity. An example about this from the podcast would be the Holocaust. The interviewee, Stanley Milgram, grew up in such a time where people viciously acted out of hatred, and during this time it was the Nazis discriminating against the Jews. But Milgram wonders if there were people who followed the Nazis simply because they were abiding orders, or just had good intentions that eventually became dreadful due to the task itself. Seems outrageous, to us at least. But it didn’t to the people that were doing what they were told. Put differently, most of what we do is situational, so not everyone will be doing the same things.
Back in high school, I surrounded myself with friends who like to have fun but also like making money simultaneously. One day during freshman year, I was advised by one of my friends to invest in the Tesla stock, while also giving me tips on how to start investing in other stocks. I said to him “I’ll do it later”, because at the time the whole process seemed complex and the fact that I had to lose money before making money made me completely uninterested. To this day, I regret and wish I could take back “I’ll do it later” and change it for “Show me how to do it now”, cause I missed out on thousands of dollars.
I can relate to your situation. I also surrounded myself with finance bros and we would talk about the economy, finance, etc. We are very big into gold and silver as an investment. So my friends were always promoting it and pushing me to buy it. I would say “later” because I had the idea that I wasn’t ready and soon I would be. I missed out as gold has only went up these past five years. But the most important thing is to get back up from the loss.
I think that based on your personal experience, it is something to look and learn upon. It is definitely harsh and sad that you missed out on some potential earnings if you had invested in Tesla, but to look on the bright side, you are more aware and willing to participate in stocks. Here’s looking to the future!