/biz/ - Business & Finance

>>57844047
I unironically have yet to witness a wealthy ecuckonomists in my own "peer" group. But I have witnessed college dropouts wealthier than those with degrees in my own "peer" group. I also unironically remember both my highschool advisors and college advisors telling me that blue collar workers don't make enough money. It's funny because union warehouse workers in my city make more than their own union teachers. I want you anons to conjecture what *that* means: warehousemen making more than teachers. Essentially, terrible, low-paid teachers are *teaching* today's generation. And I'm sure you understand the repercussions here. Long degeneracy and long cognitive elites.

>>27189813
what is true is entirely predictable (but not everything predictable is true). the following is the truth.

mental models.

the curious drive of the founder. the boundless energy of the founder. the endless suffering of the founder. the optimistic contrarianism of the founder. founder working with those with high intelligence, high energy, and above all high integrity.

network effects = infinite capital leverage, labor leverage, intellectual leverage, and curiosity leverage via internet via network effects (again).

what doesn't count: macroeconomics, politics, top-down leadership, authority, consensus via academics and via society.

so-called "fundamentals" is the relic of the banking era, and banks and fundamental-seekers look for what's safe. but the problem is that everything new is strange, and what is inherently unsafe, and everyone working on this strangeness is by definition unqualified (because it is new).

also the "new" amazon of 2040 is TSLA.