And I might add maybe not the happiest people either. They could have everything they want yet they don’t always seem all that happy. Elon Musk for example doesn’t seem much happier than the average person, maybe even less so (depends on who you’re comparing against of course).
i recently escaped the labor trap myself (that is what rich people call working btw), until that moment i had always been in survival mode…stressed about basic needs which all required $, something i didn’t have enough of. figured out how the stock market works, how it’s basically just one big casino a bunch of rich cunts with more $ than sense dump their ratfucked funds into…once you know how it works in incredibly easy to 10x your working capital (to a point, there’s scaling problems eventually…but by that point any normal person has more $ than they can spend)
first thing that happened after this was a mental breakdown as my mind apparently felt comfortable enough then to process a bunch childhood trauma i had mostly (consciously atleast) forgotten.
this trauma processing/breakdown eventually lead to my mom being concerned enough to reveal to me that i had been diagnosed with autism back as a kid when i was originally diagnosed with adhd, had kept it from me so i could “grow up normal” apparently…probably should have told me after highschool atleast…had these breakdowns atleast 2-3 times prior just not as bad.
after this i had the horrible realization of just how fucked our country/world is, that the reason nobody seemed to be doing anything about all this horrible shit (especially the blatant corruption of trump admin…) wasn’t that noone knew…it was that everyone knew, they’re just waiting for things to “return to normal”. they’ve all just either given up or don’t care to begin with because the system benefits them. the realization that now even with effectively infinite (personal) $, i’m still pretty much powerless to change/fix any of this…
Can you tell me more about how easy is to beat the bank? (In your Casino analogy). I want to learn such power.
And let me ask you as well… are you sure that you are not presenting survivorship bias? (The same as the billionares we are talking?). Ex: “I am a billionare because I worked hard and am way smarter”, etc.
I am genuinely asking, it sounds passive agressive but I guarantee you it’s not.
there’s a book called Reminiscences of a Stock Operator, written over 100 years, that lays it out pretty cleanly.
but the biggest point is this, the US’s financial markets are specifically left unregulated compared to others to “facilitate liquidity”. in practice, the various actors meant to “facilitate liquidity” are more often than not just extracting liquidity for themselves, as US financial rules essentially give control of the PA (price action) to whoever has the most $ in play.
US style option exercise rules vs. European style being the biggest kicker
the next is just this, that even given derivative has actual value (in theory, future projected dividend returns) and it’s current value (whatever it’s trading at now). the more these 2 values diverge the more someone who trades understanding actual-value can take advantage of people only trading on current-value. note, anyone who “invests” automatically/passively is trading on the latter, and the majority of people trading actively trade on the latter deliberately (they know the game is rigged and pull their profits out deliberately and often). for example, the overwhelming majority of stocks don’t, and never will pay, pay a dividend. therefore…rheir actual value is worthless, so why is anyone trading them?
A bubble is when these “liquidity facilitaters” deliberately run the price of everything up well beyond their actual value, then those that know the rules and actual value hunt this liquidity down and don’t put it back it (or atleast, don’t put it back in mindlessly), the MM’s then dump the prices in an attempt to trigger a selloff by emotional traders (people seeing their retirements evaporate etc.) so those that know can buyback in at massive discounts.
I don’t mean this in some conspiratory way either, this is just a natural consequence of how the rules have been designed over the centuries. if you can get anyone experienced in the financial industry to talk to you honestly (a rare thing, admittedly) about the industry they will confirm this. how our financial markets are setup is arguably the main reason the rest of the world deals with our shit, not our bloated military but how much exit liquidity we provide other countries rich-people. because the american population as a whole as way more $ than sense, we have an incredibly rich and incredibly stupid population that buys into this casino constantly because our politicians were
bribedlobbied to tie our pension systems into the casino and people just…accepted it, for some reason