Explain to me why investing in other peoples business or corporation is smart while making your own business is dumb?
I have no skills but I have money to invest
>>61920247Who said one is smart and the other is dumb?They both carry with them different types of risk. Investing is relatively low risk with steady gains, and starting your own business is very high risk with a high chance of going bankrupt, but a low chance of 100xing.Not only does starting your own business have higher risk, it also requires actual work.The chance of a stock going to 0 is fairly low, especially if you're investing in well known businesses.But the chance of your own business going to 0, or even lower than 0 is very high, especially at the start.
>>61920247It's more affordable and more practical to invest in something that already is.Starting a business involves startup costs and a time-til-profitable risk. >>61920269 is correct.There's a spirit floating around that tells you it's more noble to reinvent the wheel. It says, "Don't buy someone else's wheel, that's cuckold behavior. You're the best, do it all by yourself so you can reap all the gains." That is the spirit of the devil, pulling you away from an integrated mode of being, and entrenching you into a life of unnecessary toil. All for the sake of being able to flex, "I did it all by myself." This is not the way.
