Marek Fodor

Entrepreneur&investor (@4FoundersCap)

Creando burbujas desde el año 2000.

Nada me falta.

[Marek Fodor @fodor]

Os comparto un secreto:

No hace falta besar muchas ranas para encontrar tu príncipe azul.

Basta con besar la misma ranita muchas veces.

[Marek Fodor @fodor]

@ecura P.e. tramitación de permisos de cierto tipo: 1. Lectura de los documentos provistos, 2. Decisión/emisión del trámite y de sus registros.

[Marek Fodor @fodor]

Cuando tu solución de la IA la están evaluando justamente las personas que tú IA pretende sustituir, ¿cómo lo gestionáis? (Pregunta muy seria)

[Marek Fodor @fodor]

11 de cada 10 founders que han vendido su empresa a una gran corporación acaban quemados y frustrados con la burocracia e inercia del comprador. Relee este tweet cuando estés negociando el earnout.

[Marek Fodor @fodor]

@jemonleon Hay skills que la IA nunca podrá sustituir.

[Marek Fodor @fodor]

@nudpiedo La deuda técnica generada por la IA la resuelve la IA. Está pasando.

[Marek Fodor @fodor]

La gente quejándose de que la IA mete en la política manipulaciones, mentiras, mistificaciones y parodias, como si la política pre-IA no estuviera llena de manipulaciones, mentiras, mistificaciones y parodias.

[Marek Fodor @fodor]

@antonello Como el alcalde del cole de mis hijos y de unos cuantos sitios más nunca he perdonado al zuck que ha asesinado a 4SQ.

[Marek Fodor @fodor]

@cesarmariel ..y el espacio. Vaya monstruo.

[Elio @Wait_Man]

-Siempre nos quedará París.
-Bueno, justo de eso te quería hablar...

[Marek Fodor @fodor]

"Insinúan" 😂

[Enisco @enisco]

This movie was so ahead of its time.

[Marek Fodor @fodor]

@Lurquizu Que no sea como @Bankinter que me regaló una acción cuando me abrí la cuenta en en 2000.
Todo para empezar a cobrarme comisiones de gestión y custodia muy por encima del valor de la acción durante años.🤑

[Marek Fodor @fodor]

@jlhortelano Temo que ya estamos en la fase de "de repente".

[Marek Fodor @fodor]

@carlosotermin @pepcasas Si tienes a un par de tachos en tu despensa, no tienes por qué temer.

[Marek Fodor @fodor]

@jemonleon @kikers En tu mente y en el podcast!: https://t.co/oWTgdb6mz4

[Devon Eriksen @Devon_Eriksen_]

Women will literally go to therapy instead of building a flying car.

[Brivael Le Pogam @brivael]

Bernie Sanders says the top 1% owns more than the bottom 93%, that fewer than a thousand billionaires got $2.2 trillion richer last year, and that it's "obscene."

It's the most seductive and most wrong economic argument of our time. Let me explain why.

First, wealth distribution follows a power law. Always. Everywhere. Books, music, startups, followers on X, goals in soccer. A small minority captures most of the value. That's not a bug of capitalism. It's the mathematical signature of every system where value gets created.

So the only question that matters isn't "how big is the rich's slice?" It's "is the cake growing, and is the slice of the poorest growing with it?"

And the answer is yes. In 1990, more than one human in three lived in extreme poverty. Today it's about one in ten. During exactly the period when billionaires multiplied.

Bernie shows you the slice. He never shows you the cake.

Second thing he won't tell you: past a certain level, wealth stops being consumption. It becomes capital allocation.

Elon Musk isn't sleeping on a pile of cash. He owns stakes in Tesla, SpaceX, xAI. Jeff Bezos owns Amazon stock. That "$2.2 trillion" isn't sitting in a checking account. It's factories, rockets, data centers, millions of jobs. Nobody can eat $100 billion. You can only decide where to invest it.

Once you understand that, the whole debate changes. The real question becomes: who allocates capital better?

The people who built Amazon, SpaceX and Nvidia? Or politicians?

A 5% wealth tax isn't "taking money from the rich." It's taking investment decisions away from people who proved they can create value and handing them to people who proved the opposite.

Because the fundamental difference between an entrepreneur and a politician is consequences.

The entrepreneur invests his own money. If he allocates badly, he loses everything. The market corrects him brutally, no appeal. That's why most startups die: the system kills bad decisions.

The politician invests other people's money. If he allocates badly, nothing happens. Worse, he gets a bigger budget to "fix the problem."

Milton Friedman put it better than anyone. There are four ways to spend money. Your money on yourself: you care about price and quality. Your money on others: you care about price. Others' money on yourself: you care about quality. Others' money on others: you care about nothing.

Government is the fourth box. By design.

Perfect example: California high-speed rail. Approved in 2008 for about $33 billion. Current estimated cost: over $100 billion. Passengers carried: zero. No entrepreneur would have survived that. The politicians who pushed it built careers on it.

And when allocation has no consequences, it eventually finds a buyer. A politician who controls billions without accountability becomes the most profitable target in the world for anyone who wants to steer that money.

The irony is that the left that rails against billionaires is itself funded by billionaires. George Soros is one of the biggest Democratic donors in history. The Gates Foundation shapes public health policy across the planet.

Politicians don't fight billionaires. They pick their own. The ones who fund the state over the ones who compete with it.

So if we actually want fewer poor people, we have to stop judging ideas by their intentions and start judging them by their results. And the results are brutally clear.

China, 1978: Deng Xiaoping opens the economy to markets. More than 800 million people escape extreme poverty. The largest retreat of misery in human history. Not through redistribution. Through the freedom to build.

India, 1991: liberalization. Same movie.

South Korea and North Korea: same people, same language, same starting point in 1953. One became one of the most advanced economies on earth. The other has famines.

Poland and Ukraine: comparable living standards in 1990. Today the average Pole is more than three times richer than the average Ukrainian.

Argentina: a year and a half of liberalization, and the poverty rate falls from over 50% to around 30%.

No country in history escaped poverty by punishing the people who build. Every single one did it by letting them build.

And if you want to see what Bernie's program looks like in real life, you don't have to imagine it. It exists. It's called France. We've been running it for 45 years.

Mass nationalizations in 1981. Two years later, Socialist president Mitterrand has to reverse course into austerity.

Retirement at 60. The 35-hour workweek.

A wealth tax for 35 years. Hundreds of wealthy households left every year for Belgium, Switzerland, London, taking their capital, their companies and their future taxes with them. Macron finally scrapped it in 2018.

Hollande's 75% tax: raised a few hundred million, drove talent out, abandoned after two years.

One of the highest tax burdens in the OECD. Public spending around 57% of GDP, a record in the developed world.

Last balanced budget: 1974. Public debt: over €3.4 trillion. Mass unemployment for four decades.

If taxing the rich and growing the state made people prosperous, France would be the richest country on the planet.

It isn't. GDP per capita in France is barely more than half of America's. It's lower than Mississippi, the poorest state in the US. Not a single global tech giant. Our best engineers build Silicon Valley instead. I've been going back and forth between Paris and San Francisco for years. I see it every week.

And California is about to replay the movie. Prop 40, on the ballot November 3rd, would take 5% of billionaires' net worth. Even Gavin Newsom, a Democratic governor, opposes it. The state's own nonpartisan budget analyst warns that income tax revenue could drop every year if the wealthy leave. Larry Page, Sergey Brin and Peter Thiel have reportedly already started moving their assets out.

You don't fight poverty by shrinking the top. You fight it by growing the cake.

Bernie wants a society where nobody has too much. I want a society where nobody has too little.

The first has been tried everywhere and produces equality in stagnation. The second lifted a billion people out of misery.

Choose.

[Marek Fodor @fodor]

@pepegar_ El peor, con diferencia. https://t.co/nMU2QZ0l17

[Marek Fodor @fodor]

El segundo peor anuncio en la historia de Apple

[Andreas Storm @avstorm]

Apple has introduced HomeView

https://t.co/0E6uUKj7Q5

[Rob Henderson @robkhenderson]

3. A poll of 1,550 15-year-olds in the UK found that 37 percent “hardly ever” left their bedrooms during free time. We are raising a “bedroom generation” of teenagers who leave school, shut the door and disappear to scroll.