Also, I have to get to work... I'm off leave, and back to work. Damned if I know why.
Also. Look up the book "Jewish Pirates of the Caribbean". I saw it and I had to read it. A lot of stuff I had no idea about. I'm all Askenazi... northern Europe and Central Asia according to Ancestry.
"You don't buy vineyards if your company's revenue is $400K,"
True enough... Early investments in Comcast, Disney, Apple and Facebook might do it though. My point is simply this. If you had a business background and were investing in California real estate and tech startups over the past 50 or 60 years, there's no reason why you couldn't be quite wealthy.
I couldn't cut and paste from this page, but it's a quick read.
As far as Congress people trading stocks. I agree. They shouldn't be doing that. They have inside information, and can also pass laws that affect their own investments. On the other hand, corporate executives and insiders are allowed to trade stocks. They just have to report it.
When Congress was briefed on Covid, a bunch of them ran out and adjusted their portfolios accordingly, while not sharing the information at all. Kelly Loeffler and her husband dumped millions (talk about wealthy, btw)
-------------------------------- Here are a couple of asides.
Everyone in crypto remembers "pizza day" when someone made the first purchase ever with bitcoin
"On May 22, 2010, Hanyecz bought two pizzas for 10,000 Bitcoins. The cryptocurrency traders are celebrating this day as "Bitcoin Pizza Day”. Exactly 11 years ago today (May 22), a software developer from Florida, Laszlo Hanyecz, used the new cryptocurrency for the very first time for commercial transactions"
So 10,000 bitcoins was worth what? $41 bucks? I remember laughing about that. Last year that would have been worth $680 million. I wasn't laughing anymore. (Why the fuck didn't I throw a hundred bucks at that?)
In 2018 I got into Great Bear at just under $2, but I looked at it when it was $.40. I just voted on the acquisition by Kinross at $29. Nice pick. I pushed a lot of my chips onto the table for that one. If I'd have had more chips to push onto the table, I wouldn't still be working. (As it is, it's a close call... I live pretty simply) Not only that, but I'm going to take back a lot of Kinross in the deal, because 1, they're an easy double in the short run, and 2, they will now own one of the largest gold discoveries in the world, and it's in southern Canada.
All I'm saying is that if you can read a balance sheet and/or spot an opportunity, you don't need to be crooked to be rich. And while you didn't accuse the Pelosis of being crooked, lots of people do, and it's ignorant.
-------------------------------- And by the way. People loved Buddy Cianci. He had vision, and he did a beautiful job with downtown Providence. He just forgot you weren't supposed to make a profit on it. Ah well. So it goes.
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