If you were 2 guys that turned $150K to $30,000,000 in 4 years why wouldn't you call it good and retire?
>>62063331Doing it for the love of the game
>>62063331We crave more and more. The high you get from winning is worth more than everything else.
>>62063331>call it good and retireand then what?
Wealth is a mentality, a state of being. It's highly correlated with innate dissatisfaction, i.e. "ambition." There is no point where you just stop and are happy with it, it's just how you are. Those who aren't wealthy of mindset naturally don't understand this. They only see wealth as a means of subsisting, getting by until they die.
>>62063585And>inb4 this is evil wah wah whateverThe wealthy are wealth creators. Society is driven by the top 20% of workaholics, investors, doers, that can't be satisfied by merely staying alive. Everyone else gets to sit under the trees they plant and eat that fruit. If society was instead ran and driven by "the satisfied", we would still be in caves, tents, wiped out by the occasional bad storm or predator species.
When you go to elite colleges like that and live around elites and do stuff like create your own hedge fund then your goal isn't generally to just retire and live off minimum distributions, you tend to want to win the game. Hence their goal to get an ISDA and compete with large asset managers like blackrock and such.
>>62063591Basically when your friends have 300 million dollars, 30 million looks like chump change
>>62063431How rich are you anon
>>62063331How did they really do it?
>>62063590lmaocall your investor to fix your radiator in the winter you office chair warming dronesociety runs on trades
>>62063331I have 300k why can't I turn it it into $60,000,000?
>>62064100i would dca into MSTR and scale out over the next year broski
>>62063590The richest man I know works under government contracts from home and just got a second job on the side to make more money. He’s not that busy.
>>62063331Because you're making an amateur mistake here. They don't have $30MM to themselves, they have $30MM in INVESTOR money, $30MM AUM. They get maybe 2% annually of that from fees. Which is $600k, split between the two of them. Minus other compliance costs, probably an EA or two, accountant fees etc, they clear maybe $200-250k each.Which is a "you're supporting yourself" level, not "made for life"
>>62064161Not just Bitcorn?
>>62064342oh that's super rough if they have to live in new york and wear an expensive suit. literal poverty
>>62064342should've charged a higher performance fee
Most of whatever profit you get from handing someones portfolio gets taken by taxes
>>62064342This but also>2.5% of Americans have 1m excluding a homeMajority of people are poor and live paycheck to paycheck.
>>62063331why stop at 30m when you could 100x that into 3 billion?
>>62063331That is 15 milion each. 7.5 million after taxes. It aint that much to just call it good when you are young.
