Do you respect rich people entrepreneurial skills?

[Anonymous]

I say u would still need to have some, because not every opportunity can bring in cash, right

or would u say any layman can multiply 1 million if only theyd have it

[Effably]

Yes and no.

At a certain level, you have to realize that the average growth is roughly 10.1% yearly.
Meaning that if you can afford to put away a significant amount of money in a highly diversified portfolio then over many years you should average close to 10% a year of cumulative increases. Slightly less, but assume 10% for simplicity.

Anyone doing significantly better than that through skill and effort, is impresssive to an extent. Anyone doing worse, is by definition, below average. Not particularly impressive.

At a certain point you stop working. You are not going to be best in the world at everything, probably not anything. It makes more sense to hire the people that are. You really should never be best at any of the stuff your company does, or at the very most one thing.

At a certain point you stop doing this yourself. You are not the most qualified at assessing people once you have been out of it for a while and more importantly the scale means yoi can't do it alone anyway. You have to let go of the reins. You now look for people who are good at this, and loyal. Often friends, family, alike. These people tend to not be the most brilliant, their main value is that they mostly have your back. Who you know is often the most important at a top level.
At this stage? You're not really impressive in any way. What you have built can be! Your legacy can be! But what you are doing is basically living on a large chunk of welfare without any contribution yourself.

Now take a guy like Donald Trump. Does he have an impressive business? Sure! But also not really. Had he stuck his money in a diversified portfolio and done nothing since - literally just sat on his plump behind, he would have made more than he has. He has succeeded only in the sense that he has not failed. But average joe down the street accomplished greater progress. Its just the headstart that made a difference and so I can respect Donald Trump's experience. It is bound to be unique. But his performance throughout his life is and always has been below average.

[Anonymous]

What entrepreneurial skills are you talking about? Elon Musk never build anything and was born into a rich elitist family. He bought the company from the former owner of tesla and his ideas. He bought Twitter and he's losing sponsors from X or twitter or whatever it is called now.

Do you hear anyone talking about the latest tesla? Hardly because it's almost the exact same tesla that came out 5 years ago. There's been no major break throughs in the smart phone. Tim Cooks IPhone and is maybe slight better. No breakthrough inventions. All the buildings look like the same ugly glass building.

The rich have literally done nothing, but make society worse for everyone. People complain about poor people so much, but it's mainly the rich screwing everything up for society.

What skills should I be impressed from? What? How to start another pointless war and waste more resources and money? While everyone serves?

There's very few rich people who actually made it big because of their talent and that deserve, but the majority of rich have been useless and just hold society back. And when those rich people fail they blame it on people who 0 power in the country for being lazy.

[Anonymous]

I respect someone like Zuckerberg or Bezos for making something out of nothing, but then i don't like them abusing it once they've made it. No one individual should ever have that much money no matter what they do, but if you give it to the government they'll just waste and abuse it and line their own pockets anyway, so what is the solution?

[Asker]

they have advantage of high ass IQs lol

[molonski2]

If the skills are genuine , and long term , its no point being con man , con woman , like that hyphenated name guy with the Bit coin thing , that's just fraud , or a Ponzi scheme , if they are genuine creators yes -- so many are not , always be careful , when it crashes , its crashes to below zero - as it should , USA is too easy on the bankrupt.

[Astarlessnightsky]

No. The majority of rich people are rich because of their parents and grandparents were rich, so they bought other peoples inventions, and exploited their workers.