Under Modern Society, Only Three Tables Matter

The first table is the household sector, the second table is the corporate sector, and everything else falls under the third table.

In modern society, what kind of money do investors make?

They make money from other people’s leverage — either from the first table or the second table; if it’s neither of those two, then it must be the third table.

Over the past twenty years, what kind of money did people who really profited from real estate speculation make? They made money from leverage on the first table. The money made by tech startup founders raising valuations comes from the second table.

In modern society, you always make money from leverage on one of these tables.

Always remember: what kind of money are you actually making today, and why does it fall to you to make it?