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Might be somewhat cynical. If you look at all the ways that folks have gotten wealthy: 1. Got lucky 2. Exploited or stole from other people / nations (legally o

Might be somewhat cynical. If you look at all the ways that folks have gotten wealthy: 1. Got lucky 2. Exploited or stole from other people / nations (legally or otherwise) 3. Exploited natural resources. 4. Something innovative that opens up new markets. Most of us try to do 4.) if you have lose morals, 2.) or 3.) might be worth the risks.

muzani 5y ago
Mark Andreessen wrote a nice article on how to get lucky: https://pmarchive.com/luck_and_the_entrepreneur.html https://pmarchive.com/luck_and_the_entrepreneur.html
freddealmeida 5y ago
This is rather dark. Most people have made money in some simple ways, 1) real estate (still one of the best ways to wealth) 2) consumable products (food, wine, light bulbs) that are in constant demand 3) clothing (fashion always works with some caveats) 4) other consumables (oil, gas, water) 5) investing over long periods (10+ years is optimal) 6) trading other people's money (Hedgefunds, PE) actually I think PE acquisitions of existing profitable businesses is the easiest way to FU money 7) startups (not the best success rate at all but yeah it is a way But if you are risk averse, buy companies, roll them up, take them public and go live on an island.
- ZeroGravitas 5y ago
  Land Value Tax advocates would suggest real estate speculation falls under 'exploit/steal from other people'. There's people that have become crazy rich because their ancestor was a sex worker that got given a big chunk of London land by the military dictator of the time. Did they or the ancestors that they inherited it from contribute anything to build London into the metropolis it is today, or was that all immigrants and working class people that were paying rent to the landowners the whole time they were increasing its worth? Real estate (edit to remove etymology claim than etymonline does not support) speculation is basically a small scale version of that. Your 4 is natural resources, which they already mentioned. Hedgefund managers are basically parasites that live on parasites.
- yetihehe 5y ago
  All those methods require you to already have lots of money.
ZeroGravitas 5y ago
4 only really works if you have some legal or otherwise means to stop competition.

muzani 5y ago

Mark Andreessen wrote a nice article on how to get lucky: https://pmarchive.com/luck_and_the_entrepreneur.html https://pmarchive.com/luck_and_the_entrepreneur.html

freddealmeida 5y ago

This is rather dark. Most people have made money in some simple ways, 1) real estate (still one of the best ways to wealth) 2) consumable products (food, wine, light bulbs) that are in constant demand 3) clothing (fashion always works with some caveats) 4) other consumables (oil, gas, water) 5) investing over long periods (10+ years is optimal) 6) trading other people's money (Hedgefunds, PE) actually I think PE acquisitions of existing profitable businesses is the easiest way to FU money 7) startups (not the best success rate at all but yeah it is a way But if you are risk averse, buy companies, roll them up, take them public and go live on an island.

ZeroGravitas 5y ago
Land Value Tax advocates would suggest real estate speculation falls under 'exploit/steal from other people'. There's people that have become crazy rich because their ancestor was a sex worker that got given a big chunk of London land by the military dictator of the time. Did they or the ancestors that they inherited it from contribute anything to build London into the metropolis it is today, or was that all immigrants and working class people that were paying rent to the landowners the whole time they were increasing its worth? Real estate (edit to remove etymology claim than etymonline does not support) speculation is basically a small scale version of that. Your 4 is natural resources, which they already mentioned. Hedgefund managers are basically parasites that live on parasites.
yetihehe 5y ago
All those methods require you to already have lots of money.

ZeroGravitas 5y ago

4 only really works if you have some legal or otherwise means to stop competition.