(Source: Flickr)
What do the painter, the author and the tech entrepreneur all have in common?
They are all in the business of creation; producing new works for the benefit of their target audience.
And what about the professional gambler or the Wall Street prop trader?
They are both in the business of appropriation; placing calculated bets in order to appropriate more of what already exists in their direction.
Creation and appropriation are very different kinds of activities, and both can be extremely lucrative. But the truth of the matter is that while creation has the potential to leave everyone better off, appropriation typically doesn’t.
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