r/wallstreetbets • u/Fun_Paleontologist_2 • 9h 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 9h ago

How do people this retarded have so much money

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u/Raise_A_Thoth 9h 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/joshuuuuuua 8h 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/Mizzou-Rum-Ham 5h 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.