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All you have to do to become one of "Them" is to buy a stock share. Never has been wealth creation more accessible than today.

by nickpp 6y ago

tsimionescu 6y ago
Do you actually believe that? How much money will I get from 1 share? How much money would I have to invest before my fortunes actually rise with the real fortunes of any particular company?
- nickpp 6y ago
  That is the principle and it works. I know countless examples, yes, including me. Not happy with 1 share? Save more, buy more. Want cheaper shares? Found your own company and you’ll have infinite shares for free. You’ll have to make it successful afterwards, though, to raise each share's value up from 0. That’s what "They" did.
  - tsimionescu 6y ago
    > Save more, buy more. > Found your own company and you’ll have infinite shares for free. You seriously misunderstand how little money people at the bottom actually have, and how little access to the kind of credit you'd need to start a business. Like, saving for a car when their old one breaks down will probably take some people months or years. Saving to buy shares???? > That’s what "They" did. A minuscule handful of them, if even that. For every Jack Ma there's a thousand Mark Zuckerbergs or Bill Gatess who were born with a silver spoon and will die with a silver spoon, as will 3 generations of their children at the very least. The descendants of the people who laid the railroad tracks, the large slave plantations, all of these people are the vast majority of the top. Even people like Elon Musk are still coming from a background of pretty high privilege. The people who were born in the bottom 50% that you have ever heard of (outside show-business) can probably be counted on at most a few people's hands.
    - nickpp 6y ago
      You don't need a line of credit to start a business. You just need desire to work and ingenuity. People are more than happy to give you money if you are willing to do the work. There are countless rags-to-riches stories from all over the world. But first you need to change your mind set. With self-limiting beliefs like those, you'll never get anywhere. Not only are they patently false, they don't help you in any way. Get out of your echo chamber, hang out on same entrepreneurial forums (like this one!), read some inspirational books, learn how much is possible if you're just willing to try.
      - tsimionescu 6y ago
        For every story of entrepreneurial success, there are countless others of failures. The vast majority of people are not just too dumb to see the opportunities, as you have arrogance to imply. They are well aware of the risks, and can't afford to take them. Plus, an economy can't run on business founders alone. It requires workers that actually, you know, do the work, and who are willing to be paid for a less than that work is worth (you know, 'profit'). If anyone is living in an echo chamber, I assure you it is not the 99%. It's the smug 1% hoarding wealth and justifying it to themselves by thinking 'anyone could do this if they were as smart/hard working/enlightened as me!' while forgetting the luck and connections and old money that got them where they are.
        nickpp 6y ago
        Yeah, to succeed you first have to believe you CAN succeed. Plenty of limitations you’re so very sure about, but have you even ever TRIED?
        pietrovismara 6y ago
        So you really believe that everyone can become rich if they just put in the hard work? That's such a naive view that I don't even know where to start to debate it.
        6y ago
  - pietrovismara 6y ago
    How out of touch with the world must you be to put out such statements...
    - nickpp 6y ago
      It’s the mindset I operate under and it served me well. What is your belief system and how well did that work out for you?
      - pietrovismara 6y ago
        My belief is that not everyone has the same opportunities for a variety of reasons and even if something might work for me it might very well be impossible for others. I also believe that it is our duty as society to make sure everyone can have a decent life even when not granted the same privileges others get for free. Assuming everyone can put in the hard work and make it, you imply that everyone has or can learn "quickly" a markeatable skill, including the business acumen, the available free time and the mental/physical health required to succeed. But the real issue is that even if everyone was able to try to get rich starting on an equally levelled field, our economic system can't allow everyone to succeed. We need poorer people to do employed jobs in order for their value produced in "excess" to be sent to shareholders and CEOs. It just seems madness to me to have this global competition where the poor race against each other in order to be allowed to become one of the rich. We can do way better than this.
        nickpp 6y ago
        Best way to make raise employee's wages: competition between employers. For that we need more employers. For that we need more startups. For that we need more founders and entrepreneurs. Competition is great, but at all levels. Wealth creation is not zero-sum. Read PG's essay: http://paulgraham.com/wealth.html http://paulgraham.com/wealth.html Also some investment books: "A Random Walk Down Wall Street" "Rich Dad Poor Dad" "The Millionaire Next Door" https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_... Have fun learning!

All you have to do to become one of "Them" is to buy a stock share. Never has been wealth creation more accessible than today.

by nickpp 6y ago

All you have to do to become one of "Them" is to buy a stock share. Never has been wealth creation more accessible than today.

tsimionescu 6y ago

Do you actually believe that? How much money will I get from 1 share? How much money would I have to invest before my fortunes actually rise with the real fortunes of any particular company?

nickpp 6y ago
That is the principle and it works. I know countless examples, yes, including me. Not happy with 1 share? Save more, buy more. Want cheaper shares? Found your own company and you’ll have infinite shares for free. You’ll have to make it successful afterwards, though, to raise each share's value up from 0. That’s what "They" did.
- tsimionescu 6y ago
  > Save more, buy more. > Found your own company and you’ll have infinite shares for free. You seriously misunderstand how little money people at the bottom actually have, and how little access to the kind of credit you'd need to start a business. Like, saving for a car when their old one breaks down will probably take some people months or years. Saving to buy shares???? > That’s what "They" did. A minuscule handful of them, if even that. For every Jack Ma there's a thousand Mark Zuckerbergs or Bill Gatess who were born with a silver spoon and will die with a silver spoon, as will 3 generations of their children at the very least. The descendants of the people who laid the railroad tracks, the large slave plantations, all of these people are the vast majority of the top. Even people like Elon Musk are still coming from a background of pretty high privilege. The people who were born in the bottom 50% that you have ever heard of (outside show-business) can probably be counted on at most a few people's hands.
  - nickpp 6y ago
    You don't need a line of credit to start a business. You just need desire to work and ingenuity. People are more than happy to give you money if you are willing to do the work. There are countless rags-to-riches stories from all over the world. But first you need to change your mind set. With self-limiting beliefs like those, you'll never get anywhere. Not only are they patently false, they don't help you in any way. Get out of your echo chamber, hang out on same entrepreneurial forums (like this one!), read some inspirational books, learn how much is possible if you're just willing to try.
    - tsimionescu 6y ago
      For every story of entrepreneurial success, there are countless others of failures. The vast majority of people are not just too dumb to see the opportunities, as you have arrogance to imply. They are well aware of the risks, and can't afford to take them. Plus, an economy can't run on business founders alone. It requires workers that actually, you know, do the work, and who are willing to be paid for a less than that work is worth (you know, 'profit'). If anyone is living in an echo chamber, I assure you it is not the 99%. It's the smug 1% hoarding wealth and justifying it to themselves by thinking 'anyone could do this if they were as smart/hard working/enlightened as me!' while forgetting the luck and connections and old money that got them where they are.
      - nickpp 6y ago
        Yeah, to succeed you first have to believe you CAN succeed. Plenty of limitations you’re so very sure about, but have you even ever TRIED?
        pietrovismara 6y ago
        So you really believe that everyone can become rich if they just put in the hard work? That's such a naive view that I don't even know where to start to debate it.
        6y ago
- pietrovismara 6y ago
  How out of touch with the world must you be to put out such statements...
  - nickpp 6y ago
    It’s the mindset I operate under and it served me well. What is your belief system and how well did that work out for you?
    - pietrovismara 6y ago
      My belief is that not everyone has the same opportunities for a variety of reasons and even if something might work for me it might very well be impossible for others. I also believe that it is our duty as society to make sure everyone can have a decent life even when not granted the same privileges others get for free. Assuming everyone can put in the hard work and make it, you imply that everyone has or can learn "quickly" a markeatable skill, including the business acumen, the available free time and the mental/physical health required to succeed. But the real issue is that even if everyone was able to try to get rich starting on an equally levelled field, our economic system can't allow everyone to succeed. We need poorer people to do employed jobs in order for their value produced in "excess" to be sent to shareholders and CEOs. It just seems madness to me to have this global competition where the poor race against each other in order to be allowed to become one of the rich. We can do way better than this.
      - nickpp 6y ago
        Best way to make raise employee's wages: competition between employers. For that we need more employers. For that we need more startups. For that we need more founders and entrepreneurs. Competition is great, but at all levels. Wealth creation is not zero-sum. Read PG's essay: http://paulgraham.com/wealth.html http://paulgraham.com/wealth.html Also some investment books: "A Random Walk Down Wall Street" "Rich Dad Poor Dad" "The Millionaire Next Door" https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_... Have fun learning!