109 karma · joined May 9, 2022
I don't think it matters. TikTok isn't traded either but equity price is pumped up anyways.
Likewise Brad Pitt is not publicly traded but the excitement that people have for him prompts Tag Heur to pay him millions for a picture wearing one of their watches.
Finally everybody and their brother knows that Tesla and all the other BS vaporware companies under the same ownership are gonna merge at some point and be listed.
Megalopolis are only getting bigger. Like luxury EVs , starlink is aimed at the particular preferences of the RV crowd and the yacht crowd.
Improving the quality of life of the avg. consumer is never the goal. The goal is to have rich people get excited about some luxury product so that they immediately log on their Fidelity account and buy the stock of the company which puts itself out there as the so called leader in that luxury product niche.
It turns out that too much optimism about the future can damage an economy just as much as not enough faith in the future. This is exactly what has happened with the "everything bubble".
I can't even name any actors in Avatar, they also went in hiding and not appearing anywhere.
In countries where there is a fast turnover such as sub-saharn Africa, people don't have such problems. They get out in the morning trying to get more and they die way before they hit the wall of diminishing returns and for sure way before start wondering about the wider scope.
With regards to wondering too much about the wider scope it becomes perfectly clear that having a high IQ isn't always an advantage. You want to be the luckiest dumbass to achieve both maximum consumption and the ability to never ever start pondering concepts such as the wider scope or any of the unsolvable phylosphical questions
Projected or perceived legacy after passing is correlated with level of consumption while alive.
Always has and always will be. Roman Emperors, Kings etc. they got to be on coins and have monuments erected after them after their death, AND at the same time they were the person with the most conspicous consumption in the whole country while still alive.
Case in point: Queen Elizabeth II.
In the Top10 in every ranking with regards to real estate asset management.
Also all the planes and trains and cars. Top notch brand of each for the last 70 years were provided by the State.
Allies against the Nazism . It’s peak tension between the West and Russia now but maybe a impromptu occasion to finally get to Peace
The sad thing is that back in the 80s and 90s fairy tales were about improving one's quality of life and the societal one. Dreams of Mustangs and Corvettes and Ferraris. Nowadays people consider stasis a victory. As long as it's green stasis (it won't be).
We can't go on like this, or people are gonna off themselves in mass way before global warming even becomes a moderate threat to their quality of life. We need to crank everything up at least to give them some relief from the lockdowns+inflation back to back trauma.
Every transaction can be reversed with violence, a much more elegant form of chargeback
Also stop it. Each and every time the same thing. Apple, Microsoft, Google and Amazon and basically every company in the history of mankind shows that once an organization becomes large enough it doesn't really matter who is at the figurative helm.
Countries could expropriate billionaires and nothing would really change, they don't do for 2 reasons:
1) because a certain mass of people are so deluded that they think that one day they'll become one, so they panic because the 0.0000000001% of chances they had becomes 0%.
2) Other countries would start a race to the bottom so if the US decides to expropriate then Canada could go come here we only take 80%!, Switzerland could say 50%! Bahamas could then scream 10% all the way down.
And that girl has a different guy for every day of the week.
It's like war. You only occupy the territory you control with your line of fire.
Likewise you only occupy the time of the person who is with you. As soon as they are out the door then you don't occupy anything anymore and other people will.
It's not a new concept either. All Playboy bunnies had boyfriends and they devoted their time 85% to their boyfriends and 15% to Hefner.
Hefner got more variety in exchange for less claim on each individual Playboy bunny time.
Rappers, actors and people who feel the need to bring 5 or 6 girls on a date, that's so rare that doesn't even merit counting. And also it ends up pretty quick.
Inflation is one of those things that infiltrates people's brains . Everything macro infiltrates people's brains and makes them waste time, while they should focus on themselves and their surroundings.
I am sorry but this is BS. Mathematically speaking it's impossible.
It's the emotional component which makes people feel like perennial underdogs and say abominations like the above.
No matter how rich you are you can only bring one girl to a dinner date per night. Even a guy like Dan Bilzerian is on the record saying that a vacation in which he brings more than 8 girls rapidly becomes hell
What is true is that the top 1% of males is desired by 90% of women but that is also true the other way around given that men too have become extremely vulnerable to PR , advertisement and the promotional industry in general. So they deeply desire Kim Kardashian even though the college girl next door is probably conventinally hotter considering age and height.
2 high profile assassinations in the last week. The daughter of Putin's spiritual guide and now this.
Such things don't even happen in Saudi or Nigeria
Considering that EVs are way more expensive than ICEVs and the design team has even more constraints compared to gasoline cars (because they need to have an even lower aerodynamic Cx)...buying an EV as it stands is essentially an altruistic choice.
As a young person I feel like I maxed by dose of altruism when I was asked to essentially stop living 2020-2022 for what essentially amounts to a virus comparable with the 1969 Influenza when people where having the time of their lives consming all sorts of drugs at Woodstock and engaging in decadent expenses such as the one incurred in sending people to the Moon.
Also it's not even clear who's gonna be the beneficiary of this altruism, it's a story as old as time that if you leave a vacuum someone else is gonna fill that vacuum. For every ugly Tesla 3 that people in the West inflict upon themselves (and those who have to look at it) there are Indians and Malay farmers who see it as an opportunity to light up even more palm oil for their convenience. Not to mention Chinese industries which post bogus GDP numbers and will soon post bogus CO2 emission numbers.
The West is cucking itself on basically every possible front so we have to thank Nature for installing backup systems in other cultures which will come in handy as they refuse to follow us in this nonsense.
tl;dr Austerity and limiting one's quality of life has never been the answer, all the way back to very beginning of life itself. It won't start being the answer now.
That unlocks a very powerful feeling and human connection between the artist and the aforementioned thousands of people .
All the other forms of art and science and entertainment or whatever people define as fame these days you’d be better off just getting the money without any name recognition or fame. In the long run it only causes troubles and isolates the person who has it
The problem is that humans don’t work like that. We aren’t the passionate bunch the author think we are.
People work for money and status , we are extremely result oriented not passion oriented.
Even on here people enjoy technology , hacking etc. But if you gave us absolute certainty of economic and social success via some other drastically different path (e.g. a reality show such as Jersey Shore) , we would not hesitate one second and wear our tightest tank top and trunks , get tanned and play the part.
I say “us” because I include myself in this scenario too, and I despise reality shows but you cant argue with millions of dollars and millions of followers.
They are respectively the currency of financial and social success.
it’s far better to be a millionaire reality star whose claim to fame is clubbing and partying on camera than a professor with an IQ of 185 whose fusion startup went under
This quote is getting lots of criticism but if you think about it , then you will realize it’s true.
Humans are capable of a wide spectrum of social emotions but 99.9999% of interactions are small talk and collaborations based on an already established pattern and procedure.
We are extremely lonely because although we are surrounded by 8 billion beings like us we only get to unlock the really cool stuff with about a dozen of them (after we spent thousands of hours in their company)
If it's not alcohol it's drugs, if it's not drugs it's gambling. If it's not gambling it's approaching women at the bar. If it's not approaching women at the bar it's speeding.
People have a deep need to do something that entails risk or that it's frowned upon (or both).
Cultures where this doesn't happen such as Japan are essentially dying and going extinct and so is Europe and US aelbit at a slower rate. Will rightfully get replaced by cultures who DGAF and have a high turnover rate such as the Arab world, Indians and Sub-Saharan Africa
7hrs London to NYC are more than acceptable, too bad it ends up being 10hrs
Zoom out! Everybody loved GagnamStyle and Baby Shark too, but they are not getting on radio and people would be indifferent to the disappearence of the artist who made those songs.
MarketCap is a flawed measure for tons of reasons (in my opinion FCF is king) but if you want to use such flawed measure then time spent in the S&P500 would be a meaningful way to go about it.
Tesla has been in the SP500 for how long? 1.5 years?
If JPMorgan went bankrupt tomorrow you'd see people literally in the streets crying (for a whole bunch of reasons both at the macro and micro level) much like when Michael Jackson died. If Tesla went bankrupt tomorrow it would be like if PSY of GagnamStyle fame died, a bunch of hardcore devote followers would mourn but the world would move on pretty quickly.
Enclosure empty = O
It's not the social world. It's the social media world. Big difference.
Michael Jackson was the greatest in his field too, was on all covers and people would faint when they saw him, but was also a social reclusive.
Big phenomenons like this are more an indication of the amount of money being spent in promotion than the social skills of the person being promoted.