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Man, why does everyone assume that rich people just take their money and start companies? Do you realize how risky it is to start a business? You are highly lik
by zymhan 10y ago
Man, why does everyone assume that rich people just take their money and start companies? Do you realize how risky it is to start a business? You are highly likely to lose EVERYTHING you invest, as well as ruin your reputation, if you start a business from scratch and it fails to take off.
Almost all wealthy people just invest their money in stocks, hedge funds, VCs, and other intangible assets that don't immediately produce a noticeable economic impact, aside from a rise in the stock market.
- clarky07 10y agoWhat do you think the purpose of stocks and venture funds are? They are for starting and growing businesses. He/She doesn't have to start the business themselves.