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Marketing matters a lot, and NKLA was quite popular or even infamous there. A known brand does have value, even according to 'real economics'. Most investors

Marketing matters a lot, and NKLA was quite popular or even infamous there. A known brand does have value, even according to 'real economics'. Most investors seem to have been valuing that aspect and completely discounting the engineering/tech.

yup00 5y ago
It helps me to think in terms of particles and waves. A person is a particle and their influence is a wave. I’m not so sure light is both, but our cognition enables seeing it as both. Mirror neurons fire when we engage a behavior or see it performed. Our culture is built upon a meme repeating protectionist like chants for the rich, deflation for the middle class, and stagnation of the poor. Repeat, fire mirror neurons. It’s not perfect mind control though cause once you know how the sausage is made, why give that particle (rich person) reverence?
- aeternum 5y ago
  People choose to exchange money for goods and services that improve their life. Rich people generally became rich by directly or indirectly providing goods and services that improved the lives of a great many people.
  - rhizome 5y ago
    Rich people generally became rich by inheriting lots of money. https://ips-dc.org/the_self-made_hallucination_of_americas_rich/ https://ips-dc.org/the_self-made_hallucination_of_americas_r...
    - aeternum 5y ago
      Providing for one's children can be a powerful motivator. How long does that generational wealth last on avg?
      - rhizome 5y ago
        I don't have it at hand, but in finding that other page I came across something saying, I think, 3-5 generations. It's googlable.
        aeternum 5y ago
        That seems somewhat reasonable. Work hard, do exceptionally well, and you can benefit your grandchildren but not very far beyond that.