Analyst fired for saying greed is bad in south korea
Some times relity really bites, this story about firing of an analyst proves teh point.He just tried to comment on the greedy behaviour of excessive money making, which resulted in losing his own bread and butter.
Han Sang-choon, deputy head of Mirae Asset Investment Education Institute, said investors ignored warnings over the past few months that trouble lay ahead for stocks and held on to funds thinking a big pay day was just around the corner.
"I reckon people haven't cashed in their funds because of personal greed and expectations (of profits)," he told an investor, according to quotes from the Friday TV show that appeared widely in South Korean media.
Even though Seoul shares ended down 2.73 percent on Friday for their lowest close since late October 2005, brokerage Mirae Asset did not like the investment advice.