Hype creates consensus, consensus creates price. Value depends on whether you believe.
We agree gold is naturally money, then it’s money. We don’t, then it’s just a rock.
Storytelling is how we redefine wealth.
Technology keeps shifting the anchors of value, but it hasn’t changed the fact that people cluster into groups. It raises the absolute floor of living standards without altering the relative distances between people.
Humanity’s overall wealth has marched forward from antiquity to the present, yet the gap between rich and poor has been widening, not narrowing.
With China's rise, the timing for charging management fees on existing wealth is continuously maturing.
So whoever invests resources outside of class gets results. The purpose of school isn’t to cultivate elites but to educate the general public. Schools aim to produce qualified talent that is useful to society—what would happen if everyone became an elite? Who would go into factories? Who would deliver packages?
“Qualified” doesn’t mean good, excellent, or outstanding. Education itself exists to meet the needs of the assembly line.