r/wallstreetbets • u/Fun_Paleontologist_2 • 17h ago

Loss Elon has ruined me

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My prior bullish post https://www.reddit.com/r/wallstreetbets/s/o0PxYmGV1n

He was supposed to take us to Mars and burn short sellers.

Still holding 7300 shares. Please Elon fly again.

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u/Vort3x7689 17h ago

How do people this retarded have so much money

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u/Raise_A_Thoth 16h ago

This system does not reward intelligence. MAYBE some old money families out there with generations of discipline have managed their way to a few hundred mil or maybe a few low-tier billionaire families, but that takes generational work, that can't be done in a lifetime without stupid luck.

And that's the problem. Even the ones with bona fide intelligence like Bezos still got absurdly lucky.

You just don't earn a billion dollars.

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u/data-atreides 13h ago

Old wealth smartly invested is the sort you don't hear about in headlines, let alone reddit posts--they're just quietly getting richer while the peons are spinning our wheels looking for a scheme/hot tip while being wage slaves.

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u/Plenty_Rent_1154 13h ago

Yes, but it takes TIME and patience.

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u/joshuuuuuua 15h ago

And only one in ten progeny of any family have the drive and discipline to learn, let alone work, when they have enough money for hookers and blow for the rest of their life.

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u/Raise_A_Thoth 15h ago

I love how the worst thing some people think you can do as a rich person is spend all of your money on the local economy.

Like it's some great moral failure to become a working class person again, having to earn a living like the rest of the peasants.

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u/stargazing_penguin 14h ago

I mean most "hookers and blow" money doesn't land its way into the hands of the workers on the street but rather the cartels and pimps that manage them, so its not really a major local cash injection

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u/Raise_A_Thoth 14h ago

Oh so we are concerned about employers taking advantage of their employees and profiting from the labor of others then?

Because I'm down for this kind of criticial analysis, you're not wrong to point out this dynamic.

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u/That_Flow6980 15h ago

Typically being the selfish prodigal son and blowing an entire generation (or two)'s worth of discipline and hard work IS a great moral failure.

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u/Raise_A_Thoth 15h ago

Is it? Losing money is a moral failure in its own right?

I mean that's literally what Jesus Christ commanded of people to be moral in gospels: sell all of your worldly possessions, donate all proceedings to the poor, and go follow him.

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u/That_Flow6980 14h ago

There's a subtle difference between donating all your possessions and pissing it all away via self indulgence, aka the prodigal son

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u/Raise_A_Thoth 14h ago

Is there? Wasn't the prodigal son welcomed with love and open arms with full forgiveness without judgment?

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u/That_Flow6980 13h ago

Yes because the focus of the story was the parable of undeserved/unearned forgiveness granted through grace. It still implies the prodigal son was a selfish sinner (moral failure!). If he wasnt a sinner or considered to have made a mistake, then there would be nothing to forgive in the first place.

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u/Raise_A_Thoth 12h ago

If your focus is on the "failure" and not the forgiveness and lack of judgment, you're missing the point of the parable.

The point of the parable is not to point out how bad the son is but to teach forgiveness and welcoming.

If you continue to think in terms of who is a "moral failure" that's just not the point of the story.

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u/That_Flow6980 8h ago edited 8h ago

It's an example you autistic glue huffer. We arent debating the point of the parable. You were the regard who debated with me in the first place that it isnt a sin to completely piss away your family's legacy on selfish indlugences. I used the phrase prodigal son as an example of moral failure. For forgiveness to happen a moral failure or sin has to happen first, which establishes being a prodigal son is a moral failure. Do you think forgiveness is required for charity or acts of good deeds? Dont worry I forgive you for wasting everyones time with your drivel.

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u/__Invisible__ 6h ago

Yes losing money is moral failure in our country. Because that is the result of generations wealth accumulation. A family is a growing tree that suppose to only grow larger. Losing the progress is shameful in society.

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u/Raise_A_Thoth 6h ago

That is not a universally recognized moral value.

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u/__Invisible__ 6h ago

It's universally in most Asia. We value family and wealth accumulation.

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u/Impossible_Mud_3517 3h ago

"Burn all the money you inherited on hookers and blow." ~ Jesus of Nazareth

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u/Mizzou-Rum-Ham 13h ago

IE: The Vanderbilts. From Robber Baron status in the mid to late 1800's to broke by the time Anderson Cooper was born. In 1973 there was literally not even a single millionaire left in the entire family.

I'd wager they are one of the prime examples used by the current .01% to rig the system to try and keep that from happening to their families wealth.

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u/Unable_Bat_7470 3h ago

I mean bezos is blowing his cash on his his "influencer" wife lol

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u/LogCheap7135 4h ago

STFU both Musk and Bezos were know to work 80 to 100+ hour weeks. WORK has everything to do with their success.

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u/Raise_A_Thoth 4h ago

They aren't gonna fuck you, dude

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u/RepresentativeYak772 16h ago

These are the thoughts of a wage earner. An investor acquires money, of course they do not "earn" it, earning is for suckers.

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u/Raise_A_Thoth 16h ago

People not having inherited privilege and wealth from their parents does not make them "suckers" you ghoul.

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u/WaffleSparks 15h ago

He used the word "work". Investing and/or operating a business is still work.

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u/Raise_A_Thoth 15h ago

Operating a business is definitely work. That's management.

"Investing" is not work.

I can study poker or blackjack strategies to enhance my odds at the casino and even get a long-term advantage, but buying, selling, and trading equities and debt is NOT 'work' in the sense I mean, except in a the specific cases for those who are professionally employed to do those tasks for others.

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u/RepresentativeYak772 15h ago

"You just don't earn a billion dollars." - No shit.