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Can be yours or that of a friend or family member
Do you remember when $TSLA traded for just $1-$10 a share?
Back then, people obsessed over whether they bought at $7 or $9. Looking back today, nobody cares if their cost basis was $11, $12, or even higher. What mattered was owning a piece of the business and holding it through the ups and downs.
I think that’s exactly how people will look at SpaceX one day.
When SpaceX eventually becomes a $100T company, today’s arguments over whether you bought at a $1.4T, $1.6T, or even $2T valuation will seem just as meaningless in hindsight.
The biggest returns in investing come from recognizing an extraordinary business and entrepreneur early enough and having the patience to stay invested… more so than timing and buying at the absolute perfect price.
The popular quote "Don't speak negatively about yourself, even as a joke. Your body doesn't know the difference. Words are energy and they cast spells, that's why it's called spelling" Bruce Lee :
When Cybercab becomes available, people are going to do the mental math very quickly.
Around $30K for a car that can drive itself, charge wirelessly, cost very little per mile, and skip most of the normal car-owner headaches.
Then it gets more interesting.
Sleep on the way.
Work on the way.
Send it on errands.
Let it pick someone up.
Let it earn when you are not using it.
For elderly people, disabled passengers, busy families, and anyone tired of parking, Cybercab starts making a ridiculous amount of sense.
Everyone will want one eventually.
Some people just need to see it working first.
@Tesla / Writer: Annette, Designer: Janné
Social adult daycares are becoming CLUBHOUSES for crooks.
And you’ve probably never heard of them until now.
They recruit seniors, get them in the system, and then use their ID numbers to charge taxpayers MILLIONS.
The War on Fraud continues.
Now this is mind blowing
Joe Rogan “Kids Wish Network:
- They raised $127 million
- They paid to solicitors $109 million
- They spent large percentage on direct cash
- Aid to the actual kids is ONLY 2.5%
- Look at the Cancer Fund of America. LESS THAN 1% went to the actual thing”⠀
I looked more into this and it’s mind blowing
- In 2012 they raised $18.6 million, but only $240,000 went to actually granting wishes. That only about 1.3%
- Overall over a 10 year period only about 2.5% or less was direct aid
- Founder Mark Breiner pocketed almost $5 million
Cancer Fund of America is even worse
- They raised tens of millions. One of several linked orgs totaling over $187 million across their entire network
- Professional solicitors took 80+ cents of every dollar
- Less than 1% went to actual patient aid in many years
These orgs were shut down after FTC and multi-state actions in 2015. It was one of the largest charity fraud cases at the time
Historian Johan Norberg explains that one of the major factors in taking down the Roman Empire that’s rarely discussed, is the rise in entitlement spending
So many people started receiving welfare and it kept getting expanded, it quickly skyrocket inflation and destroyed their currency
“What caused the fall of ancient Rome? There were many reasons; disease, famine, barbarian invaders but historian Johan Norberg covers one rarely talked about. You say entitlement spending played a big role”
“The emperors wanted to become popular by handing out free stuff to people. Originally, this started small. You just handed the very poor means of subsistence, make sure that they would but that group was enlarged because it was popular — So the group that lived on the public's expense grew larger all the time
And emperors complained about this constantly while they were expanding it.
Everyone from Caesar and onwards said, "Oh, we've gotta reform this system because it means that we have fewer people working and more people consuming." But no one succeeded. Instead, it was expanded all the time became more and more costly. So the Romans could conquer the world, but they couldn't do entitlement reform”
“It just reminds me of what I see in the West”
“It's a very worrying sign in each of these civilizations. Once you have an ever-expanding system of entitlements that you can't afford, then you have to deal with it in different ways. Well, some of them just try to conquer other people’s and take their stuff. But once you run out of that, you have to resort to inflation. Rome started to debase the currency
— The Emperor Diocletian, he blamed greedy businessmen for inflation, something that we hear today as well. So he imposed price controls on more than 1,000 goods and even imposed the death penalty on any merchant that increased the price above a certain level. But obviously it all failed because he kept debasing the currency. So inflation kept going, prices kept rising, It only happened in the shadow economy and undermined the Roman Empire completely”
I looked into this and found roughly 20% of the entire population ended up on welfare, it got so out of control they devalued their currency by 98%
This is exactly what’s happening in America
America is Rome and we’re falling the same way they did