RE: Should poor people have kids?
November 29, 2019 at 9:33 am
(This post was last modified: November 29, 2019 at 9:45 am by notimportant1234.)
(November 29, 2019 at 9:06 am)BrianSoddingBoru4 Wrote: 'It's a shame that all the people who know how to run to world are busy driving cabs and cutting hair.' - George Burns
Boru
I'm not saying that I know how the world should be run, just not agreeing with this management frenzy that has been debunked by some experts i.e Kahneman, Nassim Taleb.
(November 29, 2019 at 9:06 am)Dmitry1983 Wrote:(November 29, 2019 at 8:59 am)notimportant1234 Wrote: You have to prove that this magical thing called "capital management" is the recipe for succes (not innovation, expectional talent and luck).
Proof 1. All succesful countries have wealth inequality.
Proof 2. Despite near zero cost of borrowing in developed countries very few people can manage capital profitably
1) wealth inequality is not a cause, is a consequence of a course of action chosen.
2) your original statement was that people couldn't manage billions, you didn't imply that this billions were from debt.
(November 29, 2019 at 9:17 am)BrokenQuill92 Wrote:(November 29, 2019 at 9:08 am)notimportant1234 Wrote: 7 dollars for a pack doesn't sound subsidized. The very impoverished in my country with a bleak future in front of them don t have the luxury of that tiny bit of spending money(30$).
I don’t know where you’re from but 30$ isn’t much here
Maybe I misunderstood you. I think that spending money are what remained after you ensured your basic needs. What I meant was that some people don't have enough money too get by.