Some people go through life thinking it is a zero sum game! They have a fixed-pie mentality. It is like they are born this way . . . with fixed-pie-disease! Sometimes life throws these people little crumbs of bread . . . and they all stomp on each other like pidgeons to get a bigger piece of the crumb. Sometimes when I walk down the street I throw pennies and watch people with fixed-pie-disease rush to pick them up for fear that someone else might get them. Half of them are lawyers, I'm sure. These people don't know a thing about value creation. The one's I like are the ones who pick up my pennies while whistling to a tune, feeling like it was their lucky day. They understand value creation. You see, my penny wielding experience is proof that value creation exists and that the economy is chugging along in a healthy fashion. For me, the reason I throw the pennies is because it is worth more than a penny to me to either 1) watch people infected with fixed-pie-disease frantically chase my pennies as they bounce happily down the street on their ends, OR 2) enjoy that warming feeling of watching someone who appreciates value pick up my penny and feel lucky, if only for that moment! For them, it was clearly worth more than a penny to bend over and pick it up. . . it was almost the principle of it! Value creation is such a beautiful thing.
Every day infected lawyers go to work and fight over origination credits, pad their time sheets or try to out-bill their colleagues in order to get one of the "fixed" number of partnership positions at the firm. Firms get into bidding wars over the "fixed" number of graduates in the top 2% of their class (as if such a designation were the ONLY redeeming quality of significance to a firm). What are you working for? There are only 24 hours in the day . . . the game is "fixed" folks! You don't win in a competition where the prize for the pie eating contest is . . . well . . MORE PIE! That is, unless you are infected with fixed-pie disease. Somehow they just never learn. . . and so I will continue to watch them chase down my pennies much to my amusement (fortunately for them . . I mean my pennies . . . they will never be out of a job!) Life will continue to throw these poor souls crumbs of bread and the rest of us will watch them posture for their crumb slices as those of us who truly understand value create loaves of bread from air!