The very essence of #Capitalism is the construct that risk capital actually has risk, and hence higher returns, over time
Removing risk through #Bailouts breaks down the very fabric of economics and will result in catastrophe
Bravo @chamath once again for speaking #Truth 💪🏼🙏🏼
Day after 1987 Crash friend asked prof at ND how he felt, he said “happiest day of my life...” Surprised, friend asked “Why?”
He said “we just had huge downside volatility, the way averages work, I’m guaranteed upside volatility from here...”
#Bitcoin just had its #1987Moment
If we're in the middle of a global pandemic and your first thought is either "But how does this effect Trump?" or "Time to take down Trump," you're doing being human wrong.
My fellow millennial's, this is the time to PAY attention. Stocks and Real Estate have been out of reach for many of us for a very long time.
If we are patient and we are paying attention, this will be the greatest transfer of wealth in our lifetime.
@APompliano When I drove to the parking lot in my college, checked my stock position and realized I made $430 over night. Turned the car back on and drove back home lmao
Want to know a secret that only rich people know?
You aren't going to become wealthy through a salary.
You either need to own something or get your money to earn money for you.
Trading time for money won't get it done.
Learn what rich people do and replicate it.
Start Raising Your Standards:
•Show up 20 minutes early for work
•Get rid of that toxic relationship
•Stop eating fast food
•Read more
•Start exercising
•Follow through
•Create value
•Be of service
•Don’t accept bullshit
Capisce?
People you must always ignore:
• Dumb people
• Toxic people
• Gossipers
• Cowards
• Liers
• Two-faced a-holes
• Professional victims
• Mango hater
• Passive-aggressive men
• Thin-skinned haters