LEAKS AND TAKEOVERS
Unfold your concern
from Interstellar: ‘Now, we are just here to be memories for our children’
And every day, you nod to that responsibility by doing what’s best for them. What you want, your goals and ambitions are only important in so far as they align with what’s best for them and what will be better for them years from when they are born. Now, your job is to be a part of their potential, their promise, just as your parents were for yours. Its humbling but also strange, a salutary effect of living on this sublunary world. And when it happens you must remember to unfold your concern and never to forget your own potential.
I am sorry, but you will probably never be a billionaire
Usually I hear a lot of people say to me “I plan on being very rich” and that is actually fine because it is an honorable ambition .And then not occasionally other people say to me “I want to be a billionaire” and then I want to tell them that’s most likely not going to happen… but I don’t say so to them. I will say it HERE. There are 2,153 of them out of a population of 7.45 billion and the vast majority are concentrated in countries with very robust equity markets. Sure, there are outlier countries with weak equity markets but a good number of billionaires: the dictatura, excessive government and the comrades in Russia have famously collared and divvied up the national treasure amongst 96 people. Primarily,wealth distribution is :
A Zero Sum game: Wealth distribution is a zero-sum game. In any proper economy, the amount of money/wealth is constant, even when commercial banks create more money(more on that another time).When people attempt to make it a non-zero sum game, they mess with economic staples and end up as Venezuela. If you are to gain wealth of any value, some people have to lose just as much. You need a lot of people to hand over their wealth to you. How much? You need to convince them to hand over billion in value. You could argue that most increases in wealth are increases in public market valuations, i.e paper money but that is actually okay because you will find no greater assemblage of people willing to part with actual money for paper money than on[exactly] an equity/securities exchange
Adjacent to GDP: I have held some suspicion on the geographical location of billionaires and its correlation to GDP. There seems to be a very positive correlation; Bigger GDP countries have more billionaires. If you are a bit more interested look at China : classified as an emerging market about 20 years ago, uncinched its economic belt in the late 90s, increased access to equity markets and minted billionaires faster than any other country and then look at our country: GDP of 47 billion-ish and you want close to 2% of it. Improbable but not impossible, considering we have only 14 companies listed on our exchange, no joke.
Financial Cocktails
There is a lot I want to tell you : Coronacoin (yes linked to the virus), pandemic bonds, some strange restructured financially engineered investment products, the release of the man responsible for junk bonds market, who is out there actually printing our money,distilling 10-Ks and why you should never blame yourself if you are caught in a Ponzi Scheme. Maybe later
Carefree
Samuel
