Moat&Ladder

[Daniel Priestley @DanielPriestley]

Socialists imagine a class struggle. In their made-up fantasy the CEO is in competition with low level workers, the wealthy entrepreneur is stealing from the underpaid nurse.

In reality, workers do not compete vertically they compete horizontally.

Entrepreneurs compete with entrepreneurs. Investors outbid each other. CEOs are benchmarked against other CEOs. Nurses are hired from a pool of nurses. Etc.

The CEOs pay has no correlation to the entry level workers. The Football star on £300K a week isn’t linked to the person selling drinks in the stadium. A biotech entrepreneur raising VC capital isn’t paid relative to a cleaner.

What is linked is the demand and supply dynamic of each role.

If a company places an ad for a qualified truck driver and 150 people apply for the role, then the company knows it does not need to increase wages for that role. If the company has an open role for months, it is forced to look at the compensation package.

Same for a CEO. A board representing shareholders would like to hire a CEO for a lot less if they could. Their dream scenario would be to hire a CEO who brings in institutional investors, attracts top executives, drives innovation and growth, keeps margins steady and is a good public face for the business even under pressure. It turns out there aren’t a lot of these people looking for work and if you want one you have to pay more than other companies are offering.

The class struggle isn’t vertical it’s horizontal. CEOs are in competition with CEOs. Retail workers are in competition with retail workers. Demand and supply dynamics set the price.

Sure you can say that a CEO want’s profitability and would like wages to be lower BUT it’s not up to the CEO - demand and supply tension sets the price of workers. An Airline like RyanAir would like free pilots if they could get them but they can’t… so they pay the market rate.

The reason incomes are rising at the top and falling at the bottom is not class warfare. It’s technology and globalisation.

Technology makes basic jobs simple, remote or fully automated. At the same time tech makes executive roles more leveraged, more important and more valuable.

A CEO used to run a smaller organisation. Today a CEO who’s 2% better on a $5B company is generating $100M more. Seems sensible to try and pay a few million to get $100M.

Globalisation has put workers from all over the world in completion with each other - downward pressure on wages. Globalisation has given CEOs more market opportunities to explore - upside opportunity to unlock.

The rich are not very interested in buying houses that poor people own. The poor are not buying up the homes the rich want. They are separate groups living separate lives. Try finding the genuinely rich people whose strategy is to hoard normal residential homes - it barely exists as a thing. About 85% of landlords are people who own 1-4 properties. Super-landlords (100+ properties) are 0.2% of landlords and own a tiny fraction of the 30M homes in the UK… and they’re heavily taxed.

Class warfare isn’t real. It’s an imagined war in the minds of socialists.

Demand and supply dynamics are real. To the degree it is measured in class, it’s a horizontal competition not a vertical one.

[unusual_whales @unusual_whales]

Call your ex.

[Always Keep Learning @AlwaysKeepL]

How to deal with Crisis

[Koroush AK @KoroushAK]

The Ultimate Candlestick Patterns Playbook

I've successfully coached 100+ profitable traders with this strategy

Full Guide+ PDF:

[Bloomberg @business]

Whether you’re worried about being replaced by a machine, or just intrigued by the possibilities, here’s the terminology you need to navigate an AI-driven world https://t.co/ILKNpwkySI

[Koroush AK @KoroushAK]

Before I begin,

I've traded this strategy for 7 years and will share it for free.

All I ask is for a follow, repost, comment, like, or simply bookmark if this post helped you.

I promise to make many more guides and PDFs like this.

[Moat&Ladder @TheFarm2030]

@FluentInFinance Time, Energy, and Attention…

[Andrew Lokenauth @FluentInFinance]

"No" is a complete sentence.

Use it to protect your time and energy.

[unusual_whales @unusual_whales]

Boston Dynamics has revealed its new generation "Atlas" robot:

[Moat&Ladder @TheFarm2030]

Thread by @iam_chonchol on Thread Reader App https://t.co/J60QvrdRqP

[Nikkei Asia @NikkeiAsia]

Indonesia could become the first Southeast Asian country to join the OECD. Here are five things to know about Indonesia's potential accession to the "club of developed countries."
https://t.co/6ATJdr1V1K

[Andrew Lokenauth @FluentInFinance]

Showing off a big house, expensive car, and luxury clothes are old status symbols.

Assets, time freedom, and location freedom are the new status symbols.

Few understand.

[Andrew Lokenauth @FluentInFinance]

I became financially independent in my late 20s by making the right choices.

10 pieces of advice that will get you there a lot faster than I did:

[Andrew Lokenauth @FluentInFinance]

What Millionaires don't want you to know:

• Live below your means
• A 9-5 won't make you rich
• Prioritize self-improvement
• Take advantage of tax code
• Invest for decades, not years
• Buy assets and avoid liabilities
• Network with successful people
• Multiple streams of income are key
• Inflation destroys wealth, so invest
• Compound interest works wonders
• Avoid overspending and impulse purchases
• Leverage good debt and eliminate bad debt

[Dividends Growth Hustler 🇿🇦 @DividendIncome_]

@FluentInFinance Things in your control:
1. You income
2. Your savings rate
3. Your Budget

Things beyond your control:
1. The inflation rate
2. Interest rates
3. Market volatility
4. Currency depreciation

Worry more about what's in your control, worry less about what's not in your control

[Josh (Your CFO Guy) @YourCFOGuy]

𝟰 𝗟𝗲𝘃𝗲𝗹𝘀 𝗼𝗳 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗼𝗻 𝘁𝗵𝗲 𝗣𝗿𝗼𝗳𝗶𝘁 & 𝗟𝗼𝘀𝘀

Your Profit & Loss is designed to tell you one thing…

Your PROFITS (or losses 😥)

[GURGAVIN @gurgavin]

WARREN BUFFET JUST UPDATED HIS STOCK PORTFOLIO

HIS CURRENT PORTFOLIO

🍎 APPLE 50%
🏦 BANK OF AMERICA 9%
💳 AMERICAN EXPRESS 7.3%
🥤 COCA COLA 7.1%
⛽️ CHEVRON 5.9%
🛢️ OCCIDENTAL 4.6%
🥫 KRAFT HEINZ 3.5%
💰 MOODY’S 2.5%
🏥 DAVITA 1%
🗑️ EVERYTHING ELSE 9%

[Moat&Ladder @TheFarm2030]

@rajatsoni You called it right on the money...

Bank of Japan shocks financial markets by adjusting its yield curve control program, per Bloomberg.

Can you please further explain the repercussions of this development.

[The Kobeissi Letter @KobeissiLetter]

We are in the middle of a major energy crisis and it became significantly worse today.

This morning, OPEC announced they are cutting an additional 1.65 million barrels of oil production per day.

Here's why the energy crisis is our next major economic problem.

(a thread)

1/10

[Rajat Soni, CFA @Rajatsoni]

Every post tells you to START investing,

but very few tell you WHAT you can invest in.

Let me break down asset classes for you: