| Did Naval steal this from Frank Underwood? "Money is the McMansion in Sarasota that starts falling apart after ten years. Power (or status) is the old stone building that stands for centuries" It's the same thing he's saying here, but like the guy Frank Underwood was talking to, Naval doesn't recognize that financial wealth is only more secure and fungible than social status if you can manage to move said financial wealth around before stuff hits the fan. So many examples to cite, ranging from Venezuela, to Zimbawe to Cyprus. And mind...stuff inevitably always hits the fan, when stuff hits the fan you want to have loyalists who'd defend you against your enemies. The whole reason why all investigation relating to Trump will end in a nothing burger. He has 75m people who follow him and the political cost of doing anything to him is simply too high. Also same reason why Musk can't be touched even though he violates the law every day, he has a huge cult following and the political cost of doing anything to him is again simply too high. Ideally you make money by lying low, then diversify (unless you are a hedge fund manager, in that case you are already diversified), then use money to build a following. I say ideally because you need smart people around to make money and smart people tend to be repulsed by people who are hyperfocused on building a cult following and a great social status (exhibit A : the turnover rate at Tesla) |