Re:If You Want to Go Broke, Listen to a Billionaire
by OrgNet on Tuesday October 01, 2019 @06:13PM
(#21131341)
If you want to be rich, act like a billionaire (actions speak louder then words).
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Re:If You Want to Go Broke, Listen to a Billionaire
by knicholes on Tuesday October 01, 2019 @06:14PM
(#21131347)
How do billionaires act? I don't know any personally.
Re:If You Want to Go Broke, Listen to a Billionaire
by rodgerd on Tuesday October 01, 2019 @06:15PM
(#21131360)
It's not very useful advice, given that is spans from Elon Musk - who uses a top of the line business jet to commute from one part of the Bay area to another, very eco-conscious, and owns multiple mansions - to Warren Buffet who famously lives in the relatively modest house he purchased decades ago.
Re:If You Want to Go Broke, Listen to a Billionaire
by WillPontificate on Tuesday October 01, 2019 @06:22PM
(#21131444)
Exactly.
Mathematically we're living in different universes. Moves that are rational for someone who has a few billion dollars under management don't work for the rest of us, because we're unable to diversify risk to the same extent.
Along the same lines, however, our "hurdle rate" for a life impacting investment is substantially lower....
Re:If You Want to Go Broke, Listen to a Billionaire
by gandalfian on Tuesday October 01, 2019 @06:21PM
(#21131434)
Though he does commute to his million dollar beach house in his private jet I believe.
Re:If You Want to Go Broke, Listen to a Billionaire
by yeahigotgoats on Tuesday October 01, 2019 @09:01PM
(#21132540)
uses a jet to commute and eco-conscious...what?
Re:If You Want to Go Broke, Listen to a Billionaire
by quickthrower2 on Tuesday October 01, 2019 @06:26PM
(#21131497)
Pre money (if applicable): Ruthlessly, I'd imagine.
Post money: Ruthlessly (or they may go all charitable and all that...)
Re:If You Want to Go Broke, Listen to a Billionaire
by danans on Tuesday October 01, 2019 @06:41PM
(#21131649)
> Ruthlessly
isn't necessarily mutually exclusive with:
> (or they may go all charitable and all that...)