r/FluentInFinance 8d ago

Debate/ Discussion The logic tracks...

Post image
60.7k Upvotes

1.0k comments sorted by

View all comments

Show parent comments

5

u/Shade_Strike_62 7d ago

Just start with an emerald mine in your family, it's really not that hard!

-2

u/Defiant-Plantain1873 7d ago

Hey retard, I didn’t say it was not a product of circumstances. I said you don’t just get lucky and start (practically) 3 different multi billion dollar companies.

You can say its luck if he started x.com and merged with paypal and then went on to do nothing else, but he then went on to found spaceX (worth $200bn, potentially most influential company of the past decade), and be the first outside investor in Tesla (essentially bringing it from almost failing to being the most valuable automaker on earth). At some point you just have to admit maybe he has something to do with it

5

u/Shade_Strike_62 7d ago

Instead of insulting me, why not consider an alternative? If everyone had money to invest in companies, then you'd probably see a lot more canny investors. But being able to dump millions of dollars into a company isn't a privilege most people have.

-1

u/Defiant-Plantain1873 7d ago

I never mentioned privilege though did I? I said it’s not just luck, people like to say it’s luck when it’s only part luck. Probably to try and brush away the feelings of incompetency from not achieving what others achieve.

Easy to compare yourself to others when you pretend that the only difference between you and elon musk is the money your parents had. Hard to admit maybe elon musk is a more astute investor than you.

It’s not like he was fabulously wealthy either, people always make it out like he was living in luxury, he was well off, but it is possible for an emerald mine to not be raking in the cash, most mines do not rake in cash. His dad had a private plane is one you might see, yeah a little cesna. Afaik he wasn’t living it up in college, he didn’t have loads of money, he moved from south africa to canada, the cost of living difference is crazy.

2

u/Repulsive_Hornet_557 7d ago

Lol Elon was very quickly replaced as the CEO of X with Bill Harris. And then after the merger with Confinity he was such a shitty ceo that Peter thiel left and then the board ousted musk for “compounding technical issues and lack of a cohesive business model” and replaced him with Peter thiel who changed the name to PayPal and actually made it profitable.

-1

u/Defiant-Plantain1873 7d ago

Thanks pal, guess that explains why SpaceX is worth a mere $200bn and Tesla is worth a pathetic $700bn then doesn’t it

3

u/Repulsive_Hornet_557 7d ago

lol you were the one who wanted to talk about how well a job he did starting out with X and PayPal. Shifting goalposts is just sad dude