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by drewmassey 2866 days ago
I think there is a difference between “owning stuff” and “owning assets” that this post is clouding. It is the owning of assets - that are worth more than what you paid for them - that seems to form the backbone of American entrepreneurship in the way that the author wants the owning of “stuff” to do in his setup.

There is of course value (to me) in owning a library of books - but for different reasons than, say, owning intellectual property or real estate.

1 comments

Owning a library is a fun example, since some books are assets by your definition. I have several in my library that cost multiples of what I paid for them. One was recently destroyed in a move and that was quite the bummer.