Re:Anthony Bourdain on not having debt
by zymhan on Friday March 17, 2017 @10:12AM
(#13894100)
Man, why does everyone assume that rich people just take their money and start companies? Do you realize how risky it is to start a business? You are highly likely to lose EVERYTHING you invest, as well as ruin your reputation, if you start a business from scratch and it fails to take off.
Almost all wealthy people just invest their money in stocks, hedge funds, VCs, and other intangible assets that don't immediately produce a noticeable economic impact, aside from a rise in the stock market.
Re:Anthony Bourdain on not having debt
by clarky07 on Friday March 17, 2017 @02:52PM
(#13896823)
What do you think the purpose of stocks and venture funds are? They are for starting and growing businesses. He/She doesn't have to start the business themselves.
Almost all wealthy people just invest their money in stocks, hedge funds, VCs, and other intangible assets that don't immediately produce a noticeable economic impact, aside from a rise in the stock market.