[GDC7]

> Hell, GPS alone is worth $1.4T

The fact that it's worth that much doesn't mean that the companies sending those up there would make a fortune.

I can give you the example of concrete. Don't people realize how vital concrete is for the modern economy? It's worth 100T, matter of fact it's unvaluable, putting a figure on it would be lowballing it.

Do you want to start a concrete company though? Do you want to invest in it?

NO! You want to start/invest the Microsoft, Google and Facebook of the world.

[senojretep356]

There are plenty of concrete/building material companies that do make a fortune: Heidleberg 18.85bn EUR Cemex 13bn USD CRH 27.59bn EUR

Operating rockets and satellites, and using them to provide services back on Earth—is about $400 billion industry and is only going to grow. There will be plenty of companies that make a fortune in a market that size with relatively few players.

[GDC7]

> There are plenty of concrete/building material companies that do make a fortune: Heidleberg 18.85bn EUR Cemex 13bn USD CRH 27.59bn EUR

That's the revenue, if you look at profits they made 1B in 2019 with 57,000 employees.

Also it was founded in 1874...

[godelski]

That sounds like a fortune to me.

[GDC7]

Not when you split that billion among the many millions of people who own shares in the company.

I also remind you that the year of incorporation was 1874

[godelski]

I think you don't realize how much a billion dollars is. That's an insane amount of money.

I'm not sure what the year of incorporation means here? That they have clearly been profitable for a long time and been making a lot of people a lot of money for that time? I'm sorry, everything you've been saying just keeps suggesting to me that this is profitable and good business.

[GDC7]

The goal of the individual is not to work, the goal of the individual is to retire early. Everything short of that is a failure.

This company has failed to give the opportunity to retire early to its owners ever since 1874.

The original founders didn't retire early for sure, and the 2nd generation and 3rd generation failed to do so as well.

And for sure this concrete company isn't giving a chance to retire early to those who own its stock today, because 1 billion split among the many millions of individual who own the stock makes the individual gains a non-life changing amount.

The only way you can retire early with this cement company is via betting on the stock using some insane 1000:1 leverage and trade its daily up&down movements.

Now take a second and just compare this cement company against the many thousands of millionaires that Microsoft minted over the years and that it continues to mint.

Some people have made millions from dividends and on top of that millions from the sheer stock appreciation, all that with an investment in the thousands or dozen of thousands at most.