3 ms·

P.S. I think the Elon musk point is a key difference. You guys have a massive reality distortion where you either entirely or mostly discount that value of cap

P.S. I think the Elon musk point is a key difference. You guys have a massive reality distortion where you either entirely or mostly discount that value of capital allocator class whether if its human or actual capital. There seems to be some notion that the Elon, Collison brothers, Toby Lutke, Sam Altman etc are just people who got lucky to win the "owner class" lottery. In reality these people are barely human, they should be revered and we as a society should aim to be more like them. There is a saying popularised by the founder of this forum that goes something like (really paraphrasing) you wanna start young & naive as a founder since nobody in their right minds would put themselves through this. Its the equivalent of playing a jailbroken game where you manually set difficulty above hardcore. You need to be top percentile of everything (IQ, EQ, creativity, industriousness etc)just as tablestakes and now you get opportunity to compete against freaks just like you. You can tick all the boxes, sacrifice your life (tunnel vision) to work like a slave and still lose. Even if you win, now you gotta win again and again. Its really not even close, the asymmetry is insane. Yes there are exceptions (nepo-babies, trust fund kids etc) but usually the former eats these peoples lunches given enough time. Thats why wealth never stays in the same family for more than a few generations. Btw in your utopia, Bernie Sanders (a hippie that got kicked out of a commune for being a bum) will be valued more than those people I described. Let me repeat you would rather value the former bartender AOC more than people who can retire multiple times over but choose instead to work 70 hour weeks in service of humanity.

louwrentius 3y ago
There is a saying popularised by the founder of this forum that goes something like (really paraphrasing) you wanna start young & naive as a founder since nobody in their right minds would put themselves through this. Paul Graham is laughing so hard that young people work themselves to death for him, and the vast majority ends up with nothing and may be worse off, and it costs PG pocket change. Useful idiots who were naïve and bought the narrative you seem to swallow with such zeal. Those people you keep name dropping are all extremely privileged due to inheritance or connections and so on. And rich people can try multiple times, but poor people have effectively one shot, if they have one at all (due to lack of opportunity / inequality). I will always value a bartender more over any billionaire that hoards money through wage theft, Union busting, tax evasion, and so on. You can’t be ethical and a billionaire at the same time. Because those billions can only be accrued by extreme wage theft.

louwrentius 3y ago

There is a saying popularised by the founder of this forum that goes something like (really paraphrasing) you wanna start young & naive as a founder since nobody in their right minds would put themselves through this. Paul Graham is laughing so hard that young people work themselves to death for him, and the vast majority ends up with nothing and may be worse off, and it costs PG pocket change. Useful idiots who were naïve and bought the narrative you seem to swallow with such zeal. Those people you keep name dropping are all extremely privileged due to inheritance or connections and so on. And rich people can try multiple times, but poor people have effectively one shot, if they have one at all (due to lack of opportunity / inequality). I will always value a bartender more over any billionaire that hoards money through wage theft, Union busting, tax evasion, and so on. You can’t be ethical and a billionaire at the same time. Because those billions can only be accrued by extreme wage theft.