Everything about investment boils down to 2 simple insights:
1. Own things that go up in value.
2. Reserve a portion of any money you earn towards doing #1.
Fin.
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.
Guys!! It’s cold very outside! I just stepped outside my house to feel it. And if it’s this cold in Lagos, it’s colder in Ibadan and much even colder in the bushes! These children and their teachers are shivering right now! This is their 27th night! God!😭😭
If someone at work tries to micromanage you, micromanage them back.
Send them too much feedback, ask them a lot of questions, do follow ups when they go quiet or even when you know they are busy don’t let them rest.
Protest ongoing on in Abeokuta, Ogunstate about the ins£curity going on in the country. it’s currently going on in Ibadan too !! Everybody is coming out now 🪧 ✊🏽