I’m going back in somewhat. I took the roughly 20% of my portfolio that I had in FXE and bought some AMZN (since I had zero exposure I figure wth), QCLN (clean energy FTE), Delta airlines (I figure the US won’t let them die, and I think they’re the best run) and some more FEMKX.
I still have about 20% in FXE (cash Euros). The rest is spread across all these - each about 5-8% of the portfolio.
Mostly I’m trying to be in stuff that is still way down since covid.
Most of this money (about 85%) I can’t withdraw for 8 more years, so that’s my min. horizon. My biggest fear is missing out on gains I can never get back. Well tied with market collapsing for decades - Japan-style. But until the world stops moving off the dollar as reserve currency I feel like that’s a low probability.
I’m in the process of starting a company that will design and build EV’s entirely using blockchain technology. You can send me money now for 1 STONK certificate.
Will you be aggressively leveraging the synergistic power of big data via machine learning algorithms? If so I would like to purchase about 350 stonks please.
I’m starting an Uber-like service for people too busy to pick up their own electric vehicles. Your driver will use a Bird scooter to go pick up your vehicle. We never hope to make money.
On one hand, rich people must have been super intelligent to acquire their fortunes. They would never invest in or support obviously-idiotic products just because those products needlessly communicate with the cloud.
My favorite example is Theranos. Bunch of horny old guys gave her $10 billion after the head of the relevant department at Stanford said “lol no, that isn’t possible.”
The Theranos documentary is a perfect example of how completely broken the system is. Holmes takes money her dad made as an Enron exec, bails out of Stanford and starts a tech company. Then all of these horny rich businessbros are completely fooled by her Steve Jobs cosplay and the fact that she moved in the right techbro social circles. If you watch the interviews, they’re all like “Well, she seemed really smart, and all my horny business friends were giving her money, so it seemed legit to me.” Meanwhile this female scientist figures out from day one that it’s all a scam but the businessbros are like “silly science lady, how many tech companies have you founded?” They gave Holmes 10 billion without even bothering to check any of the science behind her company.
The Theranos story just illustrates how fucked you all would be (or NOT fucked, I guess ) if women would wake up and realize the true power they could wield. Instead you have an entire sect of Amy Coney Barretts who like to play meek because they’re told that’s what God wants, and another sect who are too busy sniping at each other to have time to rule the world.
Theranos’s board and investors included many influential figures.[21][86] Holmes’s first major investor was Tim Draper – Silicon Valley venture capitalist and father of Holmes’s childhood friend Jesse Draper – who “cut Holmes a check” for $1 million upon hearing her initial pitch for the firm that would become Theranos.[87][88] Theranos’s pool of major investors expanded to include[86]Rupert Murdoch, the Walton family, the DeVos family including Betsy DeVos, the Cox family of Cox Enterprises and Carlos Slim Helú. Each of these investors lost tens to hundreds of millions of dollars when Theranos folded.[86]
Just amazing shit. Techbros tossing out million-dollar checks without having any clue what the actual business is. I heard someone on Twitter say the Theranos doc is like an episode of Batman where Batman and Robin cant’ fight Poison Ivy because they’re too horny, so Batgirl has to show up to stop her.
I realize this is a bit of a derail but I care far less about sex now than I did 20 years ago(not that I don’t care quite a bit still obviously) and I am guessing I will care even less in another 20 years. Maybe that makes just makes me weird but doesn’t actual science tell us that libidos flip flop amongst the sexes as we get older? Or am I misremembering that?
Not that you don’t have a point, you defnitely do.
If you graphed an average beautiful woman’s power curve over her lifetime it would look absolutely nothing like an equivalently attractive man’s. I’d much prefer the man’s spot though because I would really prefer to not get a shitload of power as a late teenager-early 20 something. No goddamn idea how to use it because their brains aren’t even finished forming before it’s at least half over.
Ugly people of course never get any power unless they have something else going for them. I’d definitely rather be what I am (a relatively ugly man) over an ugly woman. It’s nowhere near fair.
In other news Disney is responsible for many of the terrible marriages I see in the Gen X’ers and onward. Totally unrealistic expectations about what long term partnership is even supposed to be. Happily ever after my ass.
Part of it was that Holmes was young and hot (?), but part of it was that she had the right friends and connections. Like, Tim Draper cuts her a $1 million dollar check because she was friends with his kid. You watch the documentary and it’s this huge self-reinforcing circlejerk of privilege.
) if women would wake up and realize the true power they could wield. Instead you have an entire sect of Amy Coney Barretts who like to play meek because they’re told that’s what God wants, and another sect who are too busy sniping at each other to have time to rule the world.