3 ms·

> What are the things making me rich? Stock promotion schemes, the distribution of the $TSLA bag to holders of $SPY, the consolidation of business onto tech pl

> What are the things making me rich? Stock promotion schemes, the distribution of the $TSLA bag to holders of $SPY, the consolidation of business onto tech platforms like $SQ that's been forced by the pandemic, and most importantly of all a torrent of easy Fed money. Congrats on taking your moonshot under the kind of ideal conditions that happen maybe two or three times in most people's lifetime. But this is not some kind of repeatable anyone-can-do-it path to financial security.

maxharris 6y ago
> this is not some kind of repeatable anyone-can-do-it path to financial security Correct. You can't buy $AAPL and expect it to 10X on you ten years after Steve Jobs died. Opportunities come and go, and you often have to see several of them before you're in the right position to take a swing. When Apple was a huge opportunity, I didn't have any money! My dad didn't have much either, and I leaned on him to buy an iMac way back in 2001. That $1299 would have been worth $698,467.54 in Apple stock today. http://stockchoker.com/?s=AAPL&d=20010101&a=1299 http://stockchoker.com/?s=AAPL&d=20010101&a=1299 > ideal conditions that happen maybe two or three times in most people's lifetime You're missing my point entirely. These conditions happen all the time, but most people simply don't think the right thoughts. They choose not to think about things that are coming and act accordingly. I've been on both sides of this, and I can see it's a matter of knowledge and motivation, not luck. May, 2020: https://news.ycombinator.com/item?id=22970810 https://news.ycombinator.com/item?id=22970810