| Many people look negatively on investment bankers, hedge fund managers, and others that have a lot of money used to buy and sell companies. Many misinformed people call people who buy a company to sell it off as parts, vulture capitalist. The list of negative attributes assigned to people whose job it is to manage a lot of money is long and very often misconstrued. Yes, a small percentage of people give others a bad name, but the vast majority of people dealing with a lot of money do a great service to all the people of this country. |  |
 | Money in the bank is the representation of savings. When two people trade product for product, the trade is complete; however, if someone trades product for currency, they are giving up something now for the promise of receiving something later. Currency is saved buying power. The person that has money already served others and has not received their service to finish the trade. Certainly, many people were given money by family members; however, the principle remains; the currency represents service that was already provided and now waiting for service in exchange. |
| Many businesses need the start-up capital to produce products efficiently. A person with money invests funds to the new business. That new business uses that money to demand labor hours to build a building and fashion cool machines that assist in creating products. That transaction is now done because the labor hours used to make the original products are exchanged for the labor hours to build the building and the labor hours to make the machines. A new asset or something of worth is created. The business that can productively create products is worth real value. The contract of supplying the money, the capital, the work hours, to start the company came with real ownership rights in the business. |  |
 | The contract can be written in hundreds of different business models; however, the savings of the currency switched to ownership in the business or the ownership of loan payable with interest. That startup money, that capital is the base of capitalism and only comes from savings. Under the Haley2024 Monetary System, money and capital can also be created by creating something of value. People saving money is valuable to society because that means someone can eat and pay bills if they are temporarily unable to work and serve others. Of course, saving for retirement is always a wise idea and only occurs when you serve others more than you asked for service in return. If you serve others for 50 hours a week and only ask for the equivalent of 40 hours of service in exchange, you are saving that demand for ten labor hours per week to be used after retirement. |
| Cash is usually not a great saving tool for large amounts of savings over a long period of time. Some people specialize in making the best use of savings. These hedge fund managers, investment bankers, and other ‘big-money people’ are incredibly valuable. If they make a mistake, someone’s retirement money is gone. These money people, after decades in the business, working with successful investors, have the experience to know the good investments from the bad investment. These people know the value of large risk pools. These people know proper due diligence. These money people know to look at the track record of the business owner. These people know to look at the sales history and potential upsides and downsides. |  |
 | Money people with good results have helped to create many jobs that productively produce products that consumers voluntarily turn over their cash to receive. In exchange for doing a good job, the money people, according to a contract and agreements, take a percentage of the profits. The money people that invested in poorly run businesses that could not produce a product that consumers would voluntarily turn over their cash to attain, lose saved money. Hopefully, the saver diversified their savings, so one bad investment does not leave them without money for retirement. Large risk pools and large and diversified annuities have proven to spread the upside and downsides over many millions of people. In a competitive market for saving and investment vehicles, businesses in the business of investments reward those that have the best success track records and fire those that lose money. |
| The vulture capitalist that buys up a company to fire all the people and sell off all the assets receives the worse scorn. In fact, they are some of the most needed money people in the free enterprise system. A good size business with hundreds of employees must have attained success in the past. However, often the sales go down for hundreds of different reasons. Nobody gives up on a business quickly. Often a business tries many different business models to regain a respectable profit margin. If a business takes a loss for so many years, and all the attempts at change do not seem to turn the business around, the business must shut down. Most businesses have a lot of assets in real estate, buildings, and equipment. Even branding holds a lot of value. The greatest value in a company is often personnel. |  |
 | The business owner making a specific widget was good at that task; however, the task of selling off all the parts is a special skill that only a few people can do well. The vulture capitalist is not the one that put a business out of business; the customers not buying the product anymore at the needed price, collectively made that decision. The vulture capitalist just gets the blame. When a big business is not making money for years, all the vendors, unions, and employees also must consider business model changes or lose a part of their business or their employment. In the free enterprise system, everyone has their point where they will jump ship and seek other opportunities. |
| Only a very few people have the skill, experience, and willingness to put the 90 hours a week into researching the best opportunities for the next investment. Once chosen, there are long hours to ensure the best choices are made. Ignorance is costly. Quality information and the time to acquire that information is critical to out-compete producers. There is a lot of work to divide the labor appropriately. Messing-up on one aspect of the business often means low sales and millions lost. |  |
