this post was submitted on 27 Oct 2023
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This sounds like an amazing idea. Twitter is currently filled almost but not entirely with the worst we have of society.
He's going to get as many of those as possible, who already appear to have impaired decision making capability, to hand over their money.
He is the absolute worst at managing his money so he'll just lose it on the next bad bet.
Then maybe the SEC stands up and drags him off to jail?
Hell even saying that you won't need your bank might be damning when he finally releases the project.
I mean he might suck in many ways, but thinking he's bad with money disregards reality in an extremely profound way.
edit I'm flabbergasted that this can be controversial
He got his start by his dad's emerald mine, let's see how much he has lost over the years.
His net worth is currently ~$250B, making him the richest man in the world. In year 2000, his net worth was some tens of millions. He certainly got a good start from his parents, but to say that the richest man in the world is "absolute worst at managing his money" is just... anti-reality.
From January
From September
didn't he win a Guinness world record for losing the most amount of money by one person?. and isn't Twitter bleeding money because of his shitty decisions?
It's of course possible that he used to be good with money and currently is bad with it. But you just don't get to that #1 spot with just pure luck -- unless we go philosophical and think of everything being based on luck.
you might get the number 1 spot by lying to people about your success or lying to customers, it you think buying something that's worth much less than what you paid is being good with money, then sure he deserves number 1, but maybe he's just lucky that his father had money and he seems to be just an idiot
When you inherit a ton of money and invest it in every stupid idea you have...
With enough time and money eventually you'll stumble into something successful by pure chance. That doesn't mean you're good with money, just that you got lucky.
You don't hear about the people who inherited daddies money and proceeded to slowly go broke with no successes to speak of.
The evidence of Elon's poor business decisions speaks volumes towards "being wealthy doesn't mean you're smart, it just means you got lucky."