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“ Wealth is money in the bank that is reinvested into other assets and businesses.” So is it money in the bank then or is is it money reinvested? Or all of the
by vladmk 5y ago
“ Wealth is money in the bank that is reinvested into other assets and businesses.”
So is it money in the bank then or is is it money reinvested? Or all of the above? He doesn’t really clarify.
Am I the only one that found holes in his thinking?
Example: the more houses we build the cheaper it will be...fact: there is more houses today than at any other time in American history. House prices are only increasing...buying up a scarce resource like land doesn’t help us create more of it, what helps us create more is investing in the resource.
I’m not trying to put Naval down since I do admire him and some of what he says, I just can’t put him on this guru pedestal others are...
I think true wealth is being able to control your time however you’d like. Everything else after that is about power.
- GeneralMayhem 5y ago> the more houses we build the cheaper it will be...fact: there is more houses today than at any other time in American history There are also more people than at any other time in American history...
- vladmk 5y ago100% so his argument fails. The need for houses is more essential today than ever, we’ve built more than ever, yet they’re very expensive. The scarce resources Naval fails to point at is what also powers your “there’s more people today” point.