• Almacca@aussie.zone
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    57 minutes ago

    You don’t become a billionaire by spending money. It is, by definition, hoarding money.

  • Soleos@lemmy.world
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    3 hours ago

    You go back in time to when you’re living paycheck to paycheck and zero financial literacy. You convince yourself to invest $100/month in Amazon no matter what, because it will be worth it. You eat nothing but ramen, forego preventative care, get sick from malnutrition. Your quality is life is horrible because you forego basic necessities to invest in Amazon. The dot com bubble wipes out 90% of Amazon’s value but you continue to invest because your past self told you about this, but if you just endure, Amazon will recover and you will be a millionaire.

    In this timeline, Amazon never recovers and goes bankrupt. On Twitter, you read a post about George Shaheen’s wedding, and how he’s entitled to his billions, despite predatory and exploitative practices, because his wealth could have been yours. If you had only invested $100/month since 1996 into WebVan, you’d be a millionaire.

    Investing is, at the end of the day, a gamble.

  • Saledovil@sh.itjust.works
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    4 hours ago

    You’d have to be clairvoyant to have known that in 1997, though. And if you’re clairvoyant, casinos offer a better return on investment.

    • Alaik@lemmy.zip
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      3 hours ago

      Yeah you just needed a 100 bucks a month as a 6 year old and also ESP to know which stock to pick!

      Its your fault your poor, now leave him alone while he spends daddy’s money.

  • SunshineJogger@feddit.org
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    5 hours ago

    What a moron.

    If people could predict the future stock market speculation and all that wouldn’t exist.

    Knowing which company will take off is impossible and just guesstigambling.

    • funkless_eck@sh.itjust.works
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      4 hours ago

      I can’t be fucked to type it all out but I was about to write a fake reinventing of the S&P500 and 401ks - which is the “safe” [citation needed] version

  • Schwim Dandy@lemmy.zip
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    6 hours ago

    And if you’re 18 and can’t afford housing, remember, his birth date could have been your birth date.

  • gizmonicus@sh.itjust.works
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    8 hours ago

    Yeah and if I kept investing $100 a month in the lottery it could be worth $500M today. Or it could be worthless because, as this clown already knows, no one can predict the next 30 fucking years like some clairvoyant.

    OK, Biff, if you’re so smart, what’s the play right now? Why aren’t you investigating $100 a month in a small online bookstore that will one day be a tech supergiant?

    • kryptonianCodeMonkey@lemmy.world
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      7 hours ago

      1998: I invested in this small company that makes this pretty decent way to search for things on the internet. Can’t imagine it will be able to compete with the big boys like Yahoo!Search or even edge out the cool new guys like AskJeeves, but I like that they have “dont be evil” as part of their company rules.

      2025: I own every detail of your lives. Our eyes are always watching. I’m richer than God. Our search engine is almost useless.

  • optional@sh.itjust.works
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    8 hours ago

    Capitalism works when people can participate

    OK then, let’s allow all people to participate by giving everyone their fair share of Amazon and other big businesses.

    I’m all for communising them. I’m just not sure that capitalism is the right expression for that, but I can’t come up with a better word…

  • Kühlschrank@lemmy.world
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    10 hours ago

    Wow so smart, “Capitalism works when people can participate.” FUCK OFF. How about the obscene number of people living paycheck to paycheck or rely on credit cards to get by. They literally don’t have $100 to invest in anything other than their daily survival. And it gets worse every day as the cost of living goes up and real purchasing power remains stagnant for so many.

    Capitalism works when people can participate - wake me up when these people can participate.

  • Part4@infosec.pub
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    12 hours ago

    If you’d invested $100 a month as amazon lost money for years driving ‘mom and pop’ businesses, starting with those evil bookshop owners, out of business before exploiting monopoly, getting local authorities to pay to host their distribution centres while the employees need food stamps to survive, you’d be rich now. Capitalism works.

    Bezos, former hedge fund guy who was given hundreds of thousands from family to start amazon, knows he is despised. He actually personifies the phrase ‘shit-eating grin’.

  • AceFuzzLord@lemmy.zip
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    12 hours ago

    According to Perplexity…

    And already I cannot trust your argument on anything whatsoever because you used an LLM to try and prove your point.