No, you don't get it.
He does not have $1 trillion sitting in cash, it is 99% stock in his companies.
To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.
Okay, but now Elon has $100b in cash, and can "solve the world's problems".
$100b divided by the world's 8 billion people is $12
If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.
But everyone on earth could have one nice meal and you could revel in your altruism.
Kicking off a new era: Owners just approved the NFL Hybrid Kickoff rule, per source.
After years of tweaks turned one of the game’s most exciting moments into a “dead, ceremonial play”, the league hopes this overhaul will yield what it wants: fewer injuries and more returns.
Some AI “math” from todays baseline:
Chips improve by 2x next year
Models improve by 2x next year
Capex scales capacity by 10x next year
Means that whatever you see today will be ~40x better in a year and another 20-40x better a year after that.
So we can expect 800-1600x by 2026.
What won’t be possible is probably the better question.
There's a saying in Fintech:
You either die a consumer goods company, or live long enough to see yourself enter financial services.
One company has managed to do both.
Let me tell you why Starbucks is one of the most successful banks in the U.S.:
In conclusion:
- labels don't make something healthy ("keto", "gluten free", etc.)
- seeds shouldn't be eaten in large quantities, yet they are in almost all "healthy" alternative foods
- a high quality version of the real thing is usually best (like @Masa_Chips)
You get Drug Manufacturers to sell to https://t.co/LYIIV9Pqzd, we will sell the drugs at cost +15 percent, plus $3 pharmacy fee, plus $5 shipping.
ANY drug. Turnaround time? Weeks or at worst months. Calling them is probably easier than getting legislation passed, isn't it ?
Four years ago, a scientist I'd never met approached me and said: "I think you are probably wrong."
Instead of arguing, we collaborated on a study to see if humans possess "nutritional wisdom."
What we learned will surprise you! 🧵
Someone double check but shouldn’t I always get the maximum car loan. $120k Model X, loan 3% apr $120k for $2200 a month payments, put $120k into Anchor and Aperture for the 20-30% rate, make $2400 off that monthly … so free Model X?
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