The Flow of Private Capital
Private capital operates on just two logics: either Buffett or Cathie Wood.
Buffett's approach is to back whoever has the strongest cash cow; Cathie Wood's is to back whoever's most likely to win.
Private capital operates on just two logics: either Buffett or Cathie Wood.
Buffett's approach is to back whoever has the strongest cash cow; Cathie Wood's is to back whoever's most likely to win.
Start higher, run faster, earn more.
If you earn $5,000 a month and your essential expenses are $4,000, your net surplus is $1,000. If you earn $10,000 a month with the same $4,000 in essential expenses, your net surplus jumps to $6,000.
Even though your salary only doubled, your surplus increased sixfold.
Do you see it? Is starting at a higher level only a little better?
Money is essentially an IOU. The IOU is backed by credit—only when the borrower can repay it does it hold value; otherwise, it’s worthless.
Fewer people are willing to buy, and that naturally impacts your pricing.
Learn supply and demand, understand it, master it, and even build it—this is what market dynamics are all about.