It is. The system is rigged.
IT IS RIGGED.
I’ll say it again; THE SYSTEM IS RIGGED.
Yep, I said it.
I’m sure you’ve been told at some point the system is rigged.
What you won’t believe is—it’s rigged in your favor (if you are an investor).
Why do I say this?
Because literally everyone is pushing for a better tomorrow, everybody or virtually everybody wakes up every day and says to themselves, either explicit or implicit, that they want a better existence for themselves and their families. They want to be more prosperous and want more, they want more out of life, and most importantly they believe it’s possible. That’s the system we live in.
Who’s rigging the system?
You are. I am. Everyone. Everyone is rigging the system. Every investment bank, every asset manager, every law firm, every public company, every private company, every employee, every owner, every retirement plan, every everyone.
We are all in this together, pushing forward the idea of a better future.
What does this do?
It drives people to get up every day to push forward, to design and build a better future. This drives innovation, it drives growth, and it drives humanity forward. Which in turn drives assets forward.
Will it be a smooth ride up?
No, no it won’t be.
But appreciate the fact that we live in a time where we can benefit from other people’s absolute beast-mode mentality.
The next time someone tells you the system is rigged, agree with them, because it is rigged.
-Paul R. Rossi, CFA