A place to post ridiculous posts from linkedIn.com
(Full transparency.. a mod for this sub happens to work there.. but that doesn't influence his moderation or laughter at a lot of posts.)
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 $100 a month in a small online bookstore that will one day be a tech supergiant?
i don't want capitalism to work. I want it to die with Bezos and all those who invested 100$ or more in Amazon
Well, why weren't you investing 100 USD in Amazon every month since 1997, Vijay? Or since 2007?
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.
Capitalism works when people can participate and be claolirvoyant and see a massive shift in the communications industry leading to massive monopolies that are able to abuse society!
It's only $100/month for you too to support a not starving dragon at Amazon HQ.
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'.
According to Perplexity...
And already I cannot trust your argument on anything whatsoever because you used an LLM to try and prove your point.
Just do that 10,000 times over 300,000 years and you'll have as much as Bazy Boy
Thanks, it's really comforting to know that I could've been participating in exploitation of workers and sellers myself. Monopolized markets are working, guys!
Tbf most people would much rather be the person earning out of that exploitation than be the one being exploited for pennies
No one wants to be on the "being exploited" end, but that's the main feature of current capitalism: a million losers for each winner
his wealth also could have been your wealth.
I wasn't alive in the 90s much less an adult that could legally invest.
Well you should have worked harder to have been born and be an adult! Capitalism works when you're able to participate and not be in utero!
Same goes for Microsoft, Apple and Google. Everyone thought it would go similarly for Pets.com too but then 2000 happened.
The Linkedin guy's advice is 100% true though, you're just better off diversifying your risk.
Not everybody can fucking participate, Vijay.
Also, you can't do basic arithmetic.
Also they spelled Perplexity wrong.
Also I stopped using Perplexity, despite a 2 year free premium membership, when the CEO decided to be a dipshit.
when the CEO decided to be a dipshit.
Do you know how little that narrows it?
Well based on the principle of compounding interest I think that number might be right. It really kind of depends on your returns every month.
His logic flaw here is that millions gamble on startups like that and hindsight is very much 20/20.
Buying stocks is kind of like sports betting for a different target audience this way.
There's no compounding interest here. You have to look up what the share price was every month for 28 years to find out how many shares you would buy (after trade fees) and then also keep track of share splits and dividend payments. Finally you add the total dividend with share number multiplied with current share price. I promise you that Perplexity AI didn't do a single step of this. Instead it put down something that sounds likely.
Finally you have to throw all of this away since the premise is completely flawed. It's not Jeff specifically but the fact that capital is taxed less than labour people are protesting.
Yeah right? See also: Cryptocurrencies.
That’s why you’re only supposed to invest in successful ideas, duh.
It's always a good idea, before investing in any company, to call the head office and say "I need a straight answer, so don't give me the runaround: will you fail?". If they say "no", it is a safe investment. If they say "yes", it is not quite as safe an investment but you may still want to invest.
Wow, the real investment tips are once again buried deep in the comments
