If one guy spends $50 million on factory equipment to make shoes, then pays people to work in said factory, I'd say he definitely holds the lions share of responsibility for the shoes being made... When its a company doing something, yeah, the person funding and running the company is absolutely responsible for what it does.

I do similar... I have a consulting firm that helps tech and energy startups find VC funding. At this point the mellower the pitch is the more likely I am to bite. If I hear "our revolutionary ground breaking technology is going to change the way the entire industry works from the ground up!" I stop paying attention almost instantly. If I hear "we made this thing that can save everyone some money and operate more effectively than current options and think it can sell well" I'm all ears.

I mean, he's kind of revolutionized or helped revolutionize everything from phone books, to paying for things, to electric vehicles, to home energy, to freaking space travel.

What does this have to do with getting motivated?

That isn't what risk means. "You aren't getting the biggest returns possible on this money" isn't financial risk.

Treasury bonds are quite literally considered to be one of, if not the, absolute safest investments in existence. It's literally guaranteed returns... If somebody put every penny that they had in treasury bonds 99% of financial advisors would tell them they are being too risk averse.

I definitely wouldn't call treasury bonds a risky investment

> I don't understand the situation

The fact that you can start with that then go on to make a statement about the situation is mind blowing. Think thats my cue to stop responding to you.

I'm sorry, but pretending like it never matters whether you impress anyone is just silly

The market there has nothing to do with how many regulations there are and how much red tape you have to go through to get a bank open... But by all means, keep thinking that you understand the market better than someone who own and runs a financial firm with a multibillion dollar portfolio.

I'm going to go out on a limb and say that 4 people with a combined century running financial institutions are able to judge the market. The entire reason they wanted to open one was because they thought there was very much a market for it

It honestly blows my mind that that many people are able to get banks up and rolling to begin with... I had an old boss who tried to open up a bank with 3 friends of his friends a while back. They had all moved to Jackson Hole or something and apparently saw a need for one... He'd been founder and CEO of a large Venture Capital firm for 25 years, and 2 of the other 3 had similar backgrounds. And I'd guess that between the 4 of them they had a net worth of $500 million or more... Last I heard they were 6 years in and still didn't have a light at the end of the tunnel... Then I hear about places like this where there is basically a new bank on every corner and wonder how on earth so many people are able to make that happen when those guys weren't.

Nothing is going to apply to literally everyone. That doesn't mean that it isn't true and useful for the vast majority of people to hear... Comments like this are like somebody posting "if you get a cut you should rinse out the wound, put ointment on it, then apply a bandage", and you replying "oh yeah? Don't think a bandage is about to help with someone's arm being chopped off or somebody getting impaled. Awful advice"

I'm not sure on the first 3 of those things at all. All are perfectly reasonable and sometimes even necessary things to do

Gas mileage was a whole lot worse though...98 cents is like $1.80 today, and I'm pretty sure my car now could make it further on the same amount of cash paying current prices than my parents cars could have in $.98. Definitely could have 2 years ago. And obviously could have for the little while in 2020 gas was only like $1.90

I've got a 35 year old coworker who went to college at 29 and is making obscene money these days

Definitely better, though that's a low bar to clear! Ha. Still work like 60 hour weeks, and have to travel a lot. But I enjoy the work itself and they make it worth my while, so can't complain too much.

U.S... The wall street thing tends to be fairly nuts in junior positions.

When I was a junior analyst at a finance firm a group told our boss that the 100+ hour weeks were too much to physically handle our boss called a doctor into the office to write everyone Adderall prescriptions.

Traveling forward through time isn't impossible. We travel forward through time constantly, and already know ways to vary the speed at which we do so. Traveling close enough to the speed of light would make a year pass in a second... Its just going backwards that is tricky... Though that may be possible in nature too. Apparently the math says that if two massive black holes get close enough together then time moves backwards between them. At least according to Neil Degrasse Tyson.

Eh, if every nepotism baby ended up a multibillionaire there would be significantly more multibillionaires... If your wealth is orders of magnitude higher than your parents then you clearly did something right yourself.

There are a decent many that it just flat isn't compatible with though... And of equal importance, AIs aren't able to have accountability. Somebody's head has to be on the chopping block for major decisions made, and that can't be an A.I...

Not to mention in some jobs the human element itself is critical, and obviously can't be replaced. Like my background is in finance and sales. Sales is about as automation-proof as it gets. I have absolutely zero doubt that my job will still exist in 40 years. With finance there are some positions that are extremely suited for automation, and really have already been automated, but there are also a boatload where it would be virtually impossible for people to trust an AI with that level of responsibility and discretion...

In positions like those, the AI being capable and able to do something well enough to pass aren't really relevant to why they wouldn't work.

I always have trouble figuring out how to balance this one with nepotism. I grew up with nothing and likely wouldn't be where I am if a handful of people hadn't taken me under their wings, helped me out, given me a chance etc... There has never been any way for me to repay them because they've always had more than I do and never really needed help that I could give...

Now I'm on a position where I can return the favors some, but almost exclusively by either hooking their kids up with jobs or giving them goof deals and opportunities business wise... Which means I'm either a shitty person for perpetuating the nepotism that used to drive me nuts, or I'm a shitty person for not helping the people who helped me.

Salvia?

Dude. Do you think that other forms of economies don't have people buying things or shops or something? What on earth are you on about