The Public Investment Corporation’s (PIC) Isibaya Fund invested more than R18.2 billion in 23 companies, which ultimately recorded an internal rate of return (IRR) of -100%.
https://t.co/8sS3rV6uKy
The 2006 decision to introduce Maths Literacy as a parallel subject was taken with good intentions.
The outcome has been damaging. In the matric class of 2025, enrolment in Maths Lit has grown to more than 420,000 while Maths enrolment sits below 270,000.
https://t.co/85LfzYcUmk
Scott Galloway draws a sharp line between being rich and being wealthy —and explains why a $10M-a-year banker is less wealthy than his 94-year-old father.
The NYU professor and entrepreneur argues that most people are chasing the wrong target.
The goal isn't to be rich.
Rich is what you see. Wealth is what you don't.
He defines it simply:
"Wealth is having passive income that's greater than your burn."
To make it concrete, he describes two people in his life.
The first is a friend who runs M&A for a bulge bracket investment bank. He makes between $3 and $10 million a year depending on the market. He pays 50% in taxes. Between his ex-wife, his home in the Hamptons, and what Scott calls a "master of the universe lifestyle that he feels he deserves," he has saved very little.
Scott says:
"He has a lot of sleepless nights wondering what happens if the music stops. He is not wealthy."
The second is his 94-year-old father.
Between his pension from the Royal Navy, Social Security, and six washer-dryer machines in trailer parks where he goes and "collects the money with his walker," he makes $52,000 a year. He spends $48,000. His passive income is greater than his burn.
"He is wealthy."
Scott then describes coaching a couple in their late 50s in San Jose who weren't going to have enough passive income by 65 to fund their lifestyle.
His advice was to lean into their strengths.
Their kids were gone.
They were already going to Costa Rica twice a year. So he asked them:
Why not sell the house, move to Costa Rica, and cut your burn by 40%?
The point, he explains, is to put yourself on a path using basic math — ideally hitting that passive-income-greater-than-burn line by 40, but at the latest by 65 or 70. Because:
"That release of economic anxiety frees you up to focus on what is really important, and that is deep and meaningful relationships."
He speaks from experience.
Raised by a single immigrant mother who "lived and died as a secretary," Scott describes feeling like there was a ghost following his family around telling them they weren't worthy because they didn't have money.
Between student loans, the dot-com crash, and the financial crisis, he didn't escape that anxiety until he sold his last company about ten years ago.
Wealth, in his framing, comes down to two levers:
How much you make so you can save, and how much you burn. He cites a friend who left Tribeca for Portugal (same family, three kids, a beautiful home and great schools) but on $400,000 a year instead of a million.
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Full video here: https://t.co/zoqFKSCt7Q
“People underestimate how long it takes to win big.
You struggle for 10 years. Eventually, in one day, you achieve more than you did your entire life.
Be patiently aggressive.”
— Patrick Bet-David
If you’re young and you have some time on your hands. Pls sit on the internet and start obsessing about US stocks. Then get a side hustle or main job you use to fund it. Treat it like an obsession and wait for 5-10 years. Trust me your chances of financial independence is really high.
I know very little about basketball but I do know a bit about public speaking and I can say without any hyperbole that @ZohranKMamdani is one of the greatest public speakers alive on planet earth right now.
Chills.
@VusiThembekwayo@SimplyEXT Spot on, Vusi! 🎯 We were raised to believe that meritocracy actually works. So we sit back, collect certificates, and wait to be noticed, while courage—not intellect—is what actually moves the needle.
@MrJamesKe@MusaaRonalds Well done on engaging gents.
Engagement always builds bridges. Tough conversations require honesty and courage.
Well done on talking to each other
@SimplyEXT You’re absolutely correct
We are over-educated, over-exposed & taught to “wait our turn”.
We are the “wait your turn” generation that is over-smart but under-courageous.
History is political.
Wealth is political.
Power is political.
Influence is political.
Reach is political.
Narratives and propaganda are political.
The fact is, most of the things that affect society at scale are political.
If you cannot handle the political, you cannot affect society at scale.
VT
🚨 WOW! JD Vance is DIRECTLY calling out Israeli cabinet members for their personal attacks on President Trump
"Donald J. Trump is the ONLY head of state in the ENTIRE WORLD who is sympathetic to the nation of Israel at this moment in time, and he happens to be the head of state of the world superpower.
If I was in the cabinet of the Israeli government, I might not be attacking the only powerful ally that I have ANYWHERE left in the entire world."
"The other thing that I would say is that over the last 3 months, TWO-THIRDS of the defensive weapons that have protected your homeland have been built by AMERICAN HANDS and paid for by AMERICAN TAX DOLLARS.
The problem for Israel is not Donald J. Trump, and anybody in Israel who thinks their biggest problem is the President of the United States needs to WAKE UP and smell the reality of the situation that country is in."