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The only real take away here is understanding differece between wealth and money. Naval should have stayed away from making “snake oil” assertions that accumula
by sytelus 8y ago
The only real take away here is understanding differece between wealth and money. Naval should have stayed away from making “snake oil” assertions that accumulating wealth can be done by anyone without regards to luck by simply following idioms in his tweets.
The idea of passively generating money from wealth (aka capitalism) implicitly requires that someone else is working to generate money for you while you sleep. You cannot have a society where everyone is wealthy and everyone is passively generating all the income they need. So most of the wealth necessarily must be in hands of few and path to wealth is necessarily hard enough and probilistic (hence luck). There is only one scenario I can think of where this won’t be true and that’s when we figure out if we can replace robots as provider for all of our labor needs.