4 ms·
>Who have no experience of the reality of working long hours themselves? The majority of rich people do not work for their money. They inherit or "soft inherit
by citizenpaul 1y ago
>Who have no experience of the reality of working long hours themselves?
The majority of rich people do not work for their money. They inherit or "soft inherit" the money. They do investment stuff because it makes them feel big and powerful and important.
You can tell by their speech patterns. Meet some rich people in real life and pay attention to just how slow their patterns of speech and movement are on average. Most of them act like they don't have a care and all the time in the world. Because they do and they always have. Hustle is for the plebs.
Look back at some of the big scams like Wework, FTX, theranos. I've read the documentaries and its the same story. All the rich people they bilked say the same thing. "THEY PAID SO MUCH ATTENTION TO ME" more or less.
- abustamam 1y agoI went to a seminar a lot of years back. The grifter on stage was hawking a product on how to invest in venture capital or something. The pitch was "got no money? Use other people's money! Pay $300 to learn how" I don't know how true it is, as I am not about to take this grifters sales pitch at face value, but given that the grifter exhibited a lot of traits that I see in some of these rich investor people, I suspect that some investors actually use other people's money to invest, in some way that my plebe mind just cannot fathom.
- rsynnott 1y agoThat’s what VC firms generally do.
- abustamam 1y agoThe funny/sad thing is that the house always wins. Even if an investment deal goes south, _someone_ still comes up ahead, somehow. Again, something my plebe brain can't grok.
- whstl 1y ago> "got no money? Use other people's money! Pay $300 to learn how" Commendable that a grifter is actually following their own advice!
- abustamam 1y agoHaha! I once heard a saying that went, "the only way to get rich quick is to sell ways to get rich quick." This was when I was deep in MLM land, which fortunately I have exited. But it seems like some VCs and grifters have the same mindset.
- graemep 1y agoThat is true, but the majority of rich people pay other people to manage their investments. They might manage the family business or similar but there are who industries and careers built around managing rich people's money (private banking, family offices, etc.). I have met quite a lot of rich people in real life and I do not recognise your description. It is true hustle is for plebs, because hustle is born of desperation, but rich people act much the same as non-hustling plebs.
- citizenpaul 1y agoI worked at a large bank HQ office. I was young and the wealth management departments "darling" of tech because I would enthusiastically help them with their odd issues. Even though it was really not my job. (Free food and drinks there!) I assure you that banks do not have huge luxury lounges with expensive drinks(like 1k+ bottle)and such for the employees of rich people. True rich people have lots of time and they do occasionally drop in to make face appearance and "Show face" as I've heard it described. As well as the very rich bank c-suite that would regularly drop into the department. Though they had their own private area on the top three floors. (which I also scavenged from lol) That said due to my helping them I often got to see private info about the people that came to visit specifically to exactly how much money they had with us(and they would always say umm you are really not supposed to see this ok?). Anyway my point is I've probably met more verified rich people than most people so for what my opinions are worth thats how I got them. Even a couple of billionaires whom's name would not show up on any list because its private wealth.