2 ms·
You got to spend money to make money. Larry Ellison and Oprah spend money on real estate, the Waltons on crushing American small business, and Buffet on fleecin
by coryrc 3y ago
You got to spend money to make money. Larry Ellison and Oprah spend money on real estate, the Waltons on crushing American small business, and Buffet on fleecing poor people buying mobile homes.
The EV revolution and much cheaper space access can be traced to one billionaire. Bill Gates is curing diseases. Imagine what else could be achieved if the other rich put their money toward similar projects.
- moffkalast 3y agoSo in short, innovation beyond the lab stage requires major funding and few people want to take on the risk? Sounds perfectly logical. It's human nature to value the same amount of loss far more severely than the same amount of gain. I suppose that's why most new tech is either deployed with government funding because they don't care about burning boatloads of other people's money for some small strategic gain, or by rich lunatics with a god complex that believe they can't possibly lose despite the risks involved.