Michael Weeks and Dominik Schönenberger the financial industry and moral decay

Modern man, enthralled by the contrivance of credit growth and the resulting asset price inflation and unconstrained by the notion of scarcity in economic goods, sees the act of investing merely as that of buying something so as to sell later, hopefully at a profit.  As a consequence, in the pursuit of such elusive profit, we witness the rise of a financial industry replete with every form of artifice which, while ostensibly seeking to give us advice, tends to ultimately impoverish us, not merely in terms of money, but, to a greater extent, through the decay of our innate instinct about what is right and wrong.

~ Michael Weeks and Dominik Schönenberger, "In defence of financial anachronism," Edelweiss Journal, May 24, 2018

(Weeks and Schönenberger are protégés of Tony Deden, founder of Edelweiss Holdings.)