Brazilification vs The Abundance Paradox

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Jun 11, 2025
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The top layer shows some individuals who received a large inheritance, which, if not managed wisely, will run out sooner or later. All the others, regardless of the size of their bank accounts, should work hard.
 
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intelligent people are a risk takers
nope, intelligent people are risk managers. They are boring as hell and sleep well at night.

The others do things like the O'Hare Play. Yes, it was a real thing. Some played it too hard and went to prison :banghead:
Today's youngsters call this YOLO.
After enough time, someone certainly will become the next Warren Buffett. Nobody will remember the losers.
 
if you want to achieve a thing
well this is the crux of the problem... all there is are (subjective) preferences of individuals, interpersonally incomparable, none better/worse than the other

for every preference (goal) there is a strategy how to achieve it

yet practically nobody (myself included) spent time on thinking about what his preference is when it mattered most - humans totally suck at this
 
When we are living a situation, our priorities often seem different from the ones we recognize later. In the moment, we believe we understand what matters most to us, even though with time we may realize we were mistaken. It is easy to judge what would have been the best in the past, but it is difficult to make the right choice here and now.
 
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nope, intelligent people are risk managers. They are boring as hell and sleep well at night.

The others do things like the O'Hare Play. Yes, it was a real thing. Some played it too hard and went to prison :banghead:
Today's youngsters call this YOLO.
After enough time, someone certainly will become the next Warren Buffett. Nobody will remember the losers.
Napoleon Bonaparte

Risks: engaged in warfare across Europe, including the disastrous invasion of Russia in winter.

Goal: to dominate Europe.

Result: his overconfidence led to failure.

Is overconfidence the same as stupidity? Or was he an intelligent risk taker? When you take risks you can’t be sure in the outcome.
 
Napoleon Bonaparte

Risks: engaged in warfare across Europe, including the disastrous invasion of Russia in winter.

Goal: to dominate Europe.

Result: his overconfidence led to failure.

Is overconfidence the same as stupidity? Or was he an intelligent risk taker? When you take risks you can’t be sure in the outcome.

not a good example - he was no entrepreneur but a slaver, using energy of others to achieve his goals - war has almost never an economic incentive and is possible only by draining resources of others (doesn't matter whether it's directly their bodies, time and life-force or via regulation, debasement of legal tender, taxation or ideological control)
 
not a good example - he was no entrepreneur but a slaver, using energy of others to achieve his goals
Which is the perfect definition of parasite.
In fact, top generals routinely travel on corporate jets, owned by the military and paid by the slaves taxpayers. They are fat degens, disconnected from reality. Meanwhile, soldiers die.
 
When we are living a situation, our priorities often seem different from the ones we recognize later. In the moment, we believe we understand what matters most to us, even though with time we may realize we were mistaken. It is easy to judge what would have been the best in the past, but it is difficult to make the right choice here and now.
Mr Justit understands me well 😉
 
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