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Not underrated at all. Most investments are in public equities today. I have a theory that the long boom is because we’ve wised up to investing most of our weal
by pm90 7y ago
Not underrated at all. Most investments are in public equities today. I have a theory that the long boom is because we’ve wised up to investing most of our wealth in index funds and thus making it hard for any one company’s failure to bring down the rest of the economy.
- tempsy 7y agoI mean in Silicon Valley. Everyone thinks you have to be employee #10 at a future unicorn to get "rich" but you could've made a very average salary and just invested your savings in tech stocks over the last 10 years and probably be well ahead of 99% of people trying to be the former.
- pm90 7y agoI think it’s not just the money. There is something about going against all odds and coming out ahead in the end that many (especially younger) people find tantalizing. There’s also the fact that many people that work for startups have a very individualistic, creative streak and resist the corporate neutering that happens at most bigger companies.