But clearly it does have a chance at success, as evidenced by Elon. Or, as it always turns out, it's difficult to fail anywhere but up when you're wealthy.
The usual arc is the first generation makes it, the second spends it, and the third is back in the middle class.
Clearly? He's probably drunk some alcohol. Does that mean alcohol is clearly the path to success?
Walter isn't some quarter wit user who doesn't know that he's doing here.
He's posting trash and getting away with it because of his reputation.
It's dismaying.
I mentioned this to Dang recently[0] and he's ambivalent about it.
For what it's worth: the “celebrity” effect works both ways. Sure, some members of the community may be more willing to give them a pass. But other users will be more motivated to downvote and/or flag, even if the comment is relatively benign.
By 2010 with a combination of divorce and over investing in real estate before the financial crisis I had a negative net worth of over $200K at 36 years old and absolutely no money in the bank. I really didn’t stress at all. They were just numbers.
I had a job, a home and parents who could help me out a little when needed mostly for unexpected expenses because my credit was also shot by 2013 with 5 foreclosures/short sales.
At 51, remarried for 15 years and grown (step)kids and working remotely, and a lot of other quality of life changes, we are good.
No, you cannot make $200m overnight from $200g.
What else was he going to do? Hoard it in a High Yield Savings account?