capz

5 ms·

1. 1.▲
   by capz 12y ago

   He dropped out of college to build a start-up taking on Myspace and Friendster, two well-funded incumbents. Furthermore, Zuckerberg didn't have the wealth or family connections of say, the Winklevii. I don't really like Zuckerberg
2. 2.▲
   by capz 12y ago

   Marx was wrong. Provably wrong. His ideas were put to the test across various cultures and geographies (Russia, China, Vietnam, Cuba, Angola, etc.). Failed. Failed. Failed. Failed. Failed. And the response to this is that they didn't g
3. 3.▲
   by capz 12y ago

   A priori, no investment is "rational." That is, was the construction of 100,000 tanks to export the Communist revolution a rational investment by the Soviet Union? How about the $2 billion in private equity that went into building
4. 4.▲
   by capz 12y ago

   It is hard to "horde" a large amount of capital. I would say there are only 4 ways it can be done: 1.) Invest in a natural monopoly. That's fine, but most of these are highly regulated (e.g., utilities) and limit your returns
5. 5.▲
   by capz 12y ago

   I see the vanguard is already down-voting. That's fine, but anyone with any knowledge of start-ups should instantly see how the ideas put forth by Piketty are destructive. If I invest in a start-up, that's property. So next year,
6. 6.▲
   by capz 12y ago

   I really don't understand why all this Marx 2.0 stuff is on Hacker News. Marx's ideas have been tried, over and over again, and failed. There are far better essays on capital and technology out there. The Mouse and the Market &quo