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Everything trends towards zero.
Your favorite companies and asset classes will eventually fail.
That is the ultimate burden of wealth:
You constantly have to fight to keep it.
You might think blue chips stocks are safe but you have to understand that every company is fighting a slow death.
Even the Dutch East India Company - which rivaled some countries in terms of wealth and troops - failed.
The world is ever changing and every company has to navigate that correctly, which on a long enough time frame it can’t.
Statistically you will eventually make a mistake. You can never be right all the time. It doesn’t even need to be a mistake, it can just be not keeping up.
Study BlackBerry.
There will only be a few winners and you need to choose them correctly.
Not choosing an investment is choosing a fiat currency which - like your body is chipped away at by nature - is chipped away at by inflation.
You might think bonds are safe but remember that even nations fail. The US is quite a new nation and has only been around for 200 years.
Japan was an economical super power but if you had invested in their economy 40 years ago - at their peak - you would still be underwater.
Does anyone even remember how big of a superpower the Netherlands was?
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The natural state of everythings is 0, everything is constantly fighting death.
Everytime you eat, sleep or drink you’re fighting death.
Having children is fighting the death of our race.
Everything is a struggle for survival. But that is the beauty of it.
Imagine if humans could live forever. You could never compete with Mark Zuckerberg as his knowledge compounds.
The death of companies, asset classes, countries, humans and species create new room for growth.
The death of one company is the transfer of wealth to another. Another opportunity for new participants to get rich.
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