6min chapter

The Tim Ferriss Show cover image

#606: Balaji S. Srinivasan — 5-10-Year Predictions, How to Start a New Country, Society-as-a-Service (SaaS), Bitcoin Maximalism, Memetic Warfare, How Prices Are Born, Moral Flippenings, The One Commandment, and The Power of Missionary over Mercenary

The Tim Ferriss Show

CHAPTER

Equity Equity Is a Scam, Right?

Weury is the illegal action or practice of lending money at unreasonably high rates of interest. Equity equity is a scam, right? Like, you know, lots of folks on hack or news will say, they'll say, all start up equity market is zero. It doesn't start worthing. The reason that you don't just have somebody just give dollars to everybody at a company is that, through their efforts they can go in close sales. So your effort results in results. That's capitalism. Dang ja ping's key insight: as he allowed the farmers to keep some of their grain, that their effort led to results. This community has gotten its head into this sort

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