It's not even contrarian, it's just true. Money has always been a proxy for real value, which we created because real value can be hard to measure.
> If you have a better understanding than the idiots in charge, then go be rich!
Doesn't work this way because most markets are dumb as rocks.
> If you have a better model for real value, you'll outcompete them.
Doesn't work this way because most markets are dumb as rocks.
Look, after a certain point you have to detach from what you're being told and look at the world around you.
Prime example: tobacco. For humanity, Tabacoo has a negative value. You should be getting paid to smoke. Why? Because it kills you, and that's very expensive.
But that's hard to measure, right? So we just sell the cigarettes and say their value is what they're sold for. But that's not their actual value.
Their actual value, in the real world, in your hands and in your lungs, is negative. That's not an opinion. That's objective. That's just what it is.
When you look around our markets, almost all products are like this to some degree. The value we're creating is not necessarily real value.
Ads are another prime example. Do they enrich the world? Do they help consumers? No. They have zero real value. They just move money around via manipulation. That's not my opinion. That's just the objective reality.
Eventually, the real world catches up to la la land. You can't just say "well do ads and you make money". When there's no more money to move around, then even our fake value estimates of ads approach zero.
> If you have a better understanding than the idiots in charge, then go be rich!
Doesn't work this way because most markets are dumb as rocks.
> If you have a better model for real value, you'll outcompete them.
Doesn't work this way because most markets are dumb as rocks.
Look, after a certain point you have to detach from what you're being told and look at the world around you.
Prime example: tobacco. For humanity, Tabacoo has a negative value. You should be getting paid to smoke. Why? Because it kills you, and that's very expensive.
But that's hard to measure, right? So we just sell the cigarettes and say their value is what they're sold for. But that's not their actual value.
Their actual value, in the real world, in your hands and in your lungs, is negative. That's not an opinion. That's objective. That's just what it is.
When you look around our markets, almost all products are like this to some degree. The value we're creating is not necessarily real value.
Ads are another prime example. Do they enrich the world? Do they help consumers? No. They have zero real value. They just move money around via manipulation. That's not my opinion. That's just the objective reality.
Eventually, the real world catches up to la la land. You can't just say "well do ads and you make money". When there's no more money to move around, then even our fake value estimates of ads approach zero.