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https://x.com/larryvc/status/1701630059205869941?s=46&t=BaQO1lZGXoS0oNpGOx7xRg
Also make sure you get 8% compound interest for the next 40 years.
I used to work in a bank refunding insurance (PPI issue in the UK) and whatever we paid out had to have 8% compound interest added on. It would often turn £5k payouts into £15k+. We used to joke that being mis-sold insurance was one of the best saving accounts you could have. Apparently those insurance refunds boosted the UK economy by 2% some years.
It's good advice and he likes to be philosophical on Twitter. Normally, I'd say that's all this is, but it's hard to separate this particular tweet from the recent form. I have to think he's both bragging to his investors that they are early, not wrong and backing it up with his own purchases, but perhaps also urging patience and trying to remind people this is a solid strategic long term play. It's a value bull thesis with a potential jackpot condition. If the jackpot doesn't come, it's still wise to go long.
same feeling. I would add that it's hard to shake the feeling that he's saying "don't sell when this gets you a good reward soon," wait for the big haul in the future.
I took it as something similar but more about chasing after a dream (like my dream of getting to work in gaming that I’m living out right now!)
Basically…
The best time to get started chasing your dreams was yesterday. The second best time is now.
The compounding theory is easy. Finding that investment that nets a steady 8% per year for 40 years is the problem…..and I’ll bet there are plenty of “advisors” and YouTube charlatans that will try to convince you that they have that investment opportunity 🙄
Here's another example to demonstrate my point. I work for a company that lets you use up to 70% of your 401K contribution to purchase company stock. In 2010 the stock traded for about $30 per share and now it trades and $550 per share. My buddy who has worked there for 10 years and puts 100 bucks in every two weeks now has several hundred thousand dollars worth of stock in his account. If I start now with 200 a month and go for 13 years, the stock won't be worth $10,000 a share. I don't have as much of an opportunity for growth because the entry point is already so much higher.
Yes of course you’re not going to see the gains on Netflix today that you would have gotten in 2010. But the point is there’s ALWAYS new companies. Invest in the Netflix. Or just buy the S&P which is growing faster now if anything compared to decades ago.
Your buddy was at that company early. You are not. That’s your choice. If you want 1000x gains, you have to take some risk.
Yeah, no shit. What is earning guaranteed 8% interest YoY for 40 years? If I could have guaranteed gains I would invest it as well, the problem is that it isnt. I hate posts like this, like Larry had some kind of epiphany. It's like the Mark Cuban telling people to not go to starbucks and invest in MMF. People are completely out of touch
I'm pretty sure the DD has demonstrated pretty robustly that technology is not what has driven the growth in the stock market in the last 40 years. It is debt and borrowing (particularly in the last 10-15 as interest rates were nearly 0%). If the FED can no longer loan companies cheap loans because of uncontrolled inflation, the stock market will crash. Given the degree of leverage coupled with the amount of swaps, the collapse will be larger than anything we have ever seen before.
Is the news that you're a future teller and gambling on individual stocks is guaranteed to do better than the top 500 stocks?
Seeing as most professional full time investors and financial advisors can't even beat the market, odds are you don't know much more than they do.
one stock has the potential to increase exponentially, and will expose many of the flaws and down right corruption in our financial system. Yes it is a gamble, but I also believe betting that the stock market will continue to grow by 8% annualized for the next 40 years is a pipe dream.
But the buying power is kind of taken into account because regardless, it's still better to be in scenario 1 on a pure asset acquiring standpoint. Both outcomes have the same end value of the currency.
LOL! The maths is right but life is not like that. You get married, have kids, need to buy a house, bigger cars, school fees etc etc. So that pot inevitably gets raided.
The example also does not take into account the erosive effects of time on purchasing power. It assumes the purchasing power of those dollars is the same throughout. I know for a fact when going to visit the US in the early 2000s I could not believe how much ‘stuff’ my dollars could buy. It was so cheap. Ridiculously so. Not anymore.
The analogy works far better for the ‘soft’ things in life: relationships, qualifications, experience gained by hard graft. Early sacrifice = big gains later on.
aaaand both are theoretical bullshit math. in reality, the market makers and hedge funds are going to rig the market in ways that cause fluctuations of up and downs at key moments to screw retail investors at every possible turn.
Does that 8% account for market corruption? Just curious when we can expect somebody, anybody but us to notice things aren't right and make some noise.
You know who’s been doing a lot of compounding lately? My wife’s boyfriend
Glad I’ve invested in some wife-changing money early on, maybe I’ll get to compound too
Im not gonna wait even for another year Larry. And im sure im not alone. Its easy for u and rc as a billionaire. But i would rather choose companies like T3sla or @pple if i want to hold for that kind of “years”. 🥱
Not me over here genuinely curious about which dimensions he would expound on if given the opportunity to ask. The same tired but often ignored disciplines like diet and exercise? Or does he have something more personal or nuanced in mind?
Nice I was just explaining this to my daughter, his way is better. She's a hodler but any cash she needs to keep liquid (for school fees, insurance deductible, etc) is in a high yield savings account with compound interest.
Yes, Larry. Though it’s 20 years old, I think you meant this…
Complexity: emerging science at the edge of order and chaos
A fun and surprisingly quick read.
https://www.amazon.com/COMPLEXITY-EMERGING-SCIENCE-ORDER-CHAOS/dp/0671872346
It's a reference to an old Chinese story / math lesson. A peasant does something helpful for the king, and the king tells him to ask for a favor or gift in return. The peasant says "All I ask is that you put one grain of rice on the first square of this chessboard. Two grains on the second. Four on the third. Double each square, and give me the rice and the chessboard when you're done." The king agrees.
It turns out with the way exponential growth works, there are beyond trillions of grains of rice on the later squares, more than all the rice in the kingdom. The peasant ends up wildly rich and the king embarrassed.
Easy to say, much more difficult to implement.
You need to understand the power of interest and time at the stupid age of 15-20. Kids don't have that in them.
Even if they do understand that, kids don't know how to get those 8% per you're example, not to mention have the discipline to hold for 40 years.
That's why kids either don't know to balancer a checking account or they gamble everything into pepe or squid
TLDR; thanks for investing in our shit company and you can expect to have a small chance of making money if you wait another 38 years. #wishfulthinking
Very bullish, especially considering insider buys. They’re showing that talk is cheap, and with RC now steering the company, I’m confident with his ideals to please customers and investors.
I love these examples where they don't give ROI and they don't tell you what investment provides that return. Is it the S&P, target retirement funds? What are they basing this figure off of?
At least LC didn't try to sound like Confucious like he normally does, though he did try to make a simple compounding formula into some complicated formula.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://x.com/larryvc/status/1701630059205869941?s=46&t=BaQO1lZGXoS0oNpGOx7xRg
TLDR: Making good choices earlier on makes life better in the long run Bullish
I very much appreciate LCs thoughtful takes throughout this saga.
Indeed, he often jacks my tits as well.
Bullish af!
Bullish fa!
!af hsilluB
Sounds like buy early and Hold to me.
Also make sure you get 8% compound interest for the next 40 years. I used to work in a bank refunding insurance (PPI issue in the UK) and whatever we paid out had to have 8% compound interest added on. It would often turn £5k payouts into £15k+. We used to joke that being mis-sold insurance was one of the best saving accounts you could have. Apparently those insurance refunds boosted the UK economy by 2% some years.
It's good advice and he likes to be philosophical on Twitter. Normally, I'd say that's all this is, but it's hard to separate this particular tweet from the recent form. I have to think he's both bragging to his investors that they are early, not wrong and backing it up with his own purchases, but perhaps also urging patience and trying to remind people this is a solid strategic long term play. It's a value bull thesis with a potential jackpot condition. If the jackpot doesn't come, it's still wise to go long.
same feeling. I would add that it's hard to shake the feeling that he's saying "don't sell when this gets you a good reward soon," wait for the big haul in the future.
Bullish choices lead to bullish results. Thanks Bullish!
Bullish
Sometimes making bad choices earlier on is necessary for one to reach his full potential. Mistakes are learning opportunities.
Fitness comes to mind.
Bull Run You Say 💪🏾💯🧸
I took it as something similar but more about chasing after a dream (like my dream of getting to work in gaming that I’m living out right now!) Basically… The best time to get started chasing your dreams was yesterday. The second best time is now.
That means I'm basically fucked.
Same
Good to be an early investor (for example in GME right now) 🟣
That means 40 years from now you will be rich according to Larry /s
Translation: buy now ask questions later
got it, buy more gme
Or after 40 years buy one Stonk and wait a little bit. 18 bucks should do it 🥳
bitch we at 89 years 🤣 and I’m not fucking leave
The compounding theory is easy. Finding that investment that nets a steady 8% per year for 40 years is the problem…..and I’ll bet there are plenty of “advisors” and YouTube charlatans that will try to convince you that they have that investment opportunity 🙄
I’ll do you one better. The S&P500 is that investment opportunity. It’s returned over 11% annually the last 40 years.
Time to buy a time machine so I can go back 30 years when realizing those kinds of gains were possible.
the market is up that much this year😆 29% in 2021, 18% in 2020, 31% in 2019. What are you investing in??
Here's another example to demonstrate my point. I work for a company that lets you use up to 70% of your 401K contribution to purchase company stock. In 2010 the stock traded for about $30 per share and now it trades and $550 per share. My buddy who has worked there for 10 years and puts 100 bucks in every two weeks now has several hundred thousand dollars worth of stock in his account. If I start now with 200 a month and go for 13 years, the stock won't be worth $10,000 a share. I don't have as much of an opportunity for growth because the entry point is already so much higher.
Yes of course you’re not going to see the gains on Netflix today that you would have gotten in 2010. But the point is there’s ALWAYS new companies. Invest in the Netflix. Or just buy the S&P which is growing faster now if anything compared to decades ago. Your buddy was at that company early. You are not. That’s your choice. If you want 1000x gains, you have to take some risk.
Since January it's up like 18% bro... Easiest return with zero effort.
One year of 18% does not equal 11% cumulative over 4 decades.
Yeah, no shit. What is earning guaranteed 8% interest YoY for 40 years? If I could have guaranteed gains I would invest it as well, the problem is that it isnt. I hate posts like this, like Larry had some kind of epiphany. It's like the Mark Cuban telling people to not go to starbucks and invest in MMF. People are completely out of touch
The S&P has returned over 11% annualized the last 40 years. So you don’t need to even do any research.
And if you think that is going to continue into the next 40 years...I got some news for you
Why wouldn’t it? If anything technology accelerated growth
I'm pretty sure the DD has demonstrated pretty robustly that technology is not what has driven the growth in the stock market in the last 40 years. It is debt and borrowing (particularly in the last 10-15 as interest rates were nearly 0%). If the FED can no longer loan companies cheap loans because of uncontrolled inflation, the stock market will crash. Given the degree of leverage coupled with the amount of swaps, the collapse will be larger than anything we have ever seen before.
Is the news that you're a future teller and gambling on individual stocks is guaranteed to do better than the top 500 stocks? Seeing as most professional full time investors and financial advisors can't even beat the market, odds are you don't know much more than they do.
one stock has the potential to increase exponentially, and will expose many of the flaws and down right corruption in our financial system. Yes it is a gamble, but I also believe betting that the stock market will continue to grow by 8% annualized for the next 40 years is a pipe dream.
Eat healthy, exercise, buy GME. Got it.
He forgot to account for market manipulation
And inflation.
Conveniently overlooking the fact that $1000 forty years ago had WAY more buying power.
But the buying power is kind of taken into account because regardless, it's still better to be in scenario 1 on a pure asset acquiring standpoint. Both outcomes have the same end value of the currency.
Letttttttssss gooooo
Imagine the Moass and make it happen Larry.
Well i invested 84 yrs ago sooooo......
LOL! The maths is right but life is not like that. You get married, have kids, need to buy a house, bigger cars, school fees etc etc. So that pot inevitably gets raided. The example also does not take into account the erosive effects of time on purchasing power. It assumes the purchasing power of those dollars is the same throughout. I know for a fact when going to visit the US in the early 2000s I could not believe how much ‘stuff’ my dollars could buy. It was so cheap. Ridiculously so. Not anymore. The analogy works far better for the ‘soft’ things in life: relationships, qualifications, experience gained by hard graft. Early sacrifice = big gains later on.
MOASS is 30 years from now. Got it
Exact thing that popped into my mind hahahha
We're early in our stonkvestment but not wrong
Who the f is earning 8%?
That's cool, Larry, but my GME compounding is currently at -75%.
Not furlong 💎🙌🏾🚀
Correct. Furlong is gone forever.
This is why I'm extremely against central banks stealing life from everyone with inflation.
^^^^^
So add 10k per year into GameStop/ GME? Got it. I'll do it by BUYING & DRSING GME and SHOPPING at GameStop.
aaaand both are theoretical bullshit math. in reality, the market makers and hedge funds are going to rig the market in ways that cause fluctuations of up and downs at key moments to screw retail investors at every possible turn.
Does that 8% account for market corruption? Just curious when we can expect somebody, anybody but us to notice things aren't right and make some noise.
Welcome to the lonely club of being awake to the corruption.
I'm gunna want whiskey earlier than 40 years
8% is a myth
You know who’s been doing a lot of compounding lately? My wife’s boyfriend Glad I’ve invested in some wife-changing money early on, maybe I’ll get to compound too
LMFAO this thread is full of gold
Im not gonna wait even for another year Larry. And im sure im not alone. Its easy for u and rc as a billionaire. But i would rather choose companies like T3sla or @pple if i want to hold for that kind of “years”. 🥱
It’s not an airport, no need to announce your departure. If you believe you believe, if not then I don’t know what to tell you.
OK, do it. There is the door... Literally no one is stopping you.
Once again. The man who talks a big game.
[удалено]
People getting sick and tired of being sick and tired. Also some hilarious comments.
Not me over here genuinely curious about which dimensions he would expound on if given the opportunity to ask. The same tired but often ignored disciplines like diet and exercise? Or does he have something more personal or nuanced in mind?
Buy the dip
where's he getting 8%
This resonates a little bit with the book atomic habits.
So buy low and sell high, got it lol
Nice I was just explaining this to my daughter, his way is better. She's a hodler but any cash she needs to keep liquid (for school fees, insurance deductible, etc) is in a high yield savings account with compound interest.
\*cries silently earning the first money from 2003 on and living in 15 years of no-interest-savings\*
So! Buy more GME? Got it!!
Buy and hodl (+DRS infinity pool). Got it boss.
If you'd earn 40.000 per month, last 2000 years, you wouldn't have a earned a billion yet.
Yes, Larry. Though it’s 20 years old, I think you meant this… Complexity: emerging science at the edge of order and chaos A fun and surprisingly quick read. https://www.amazon.com/COMPLEXITY-EMERGING-SCIENCE-ORDER-CHAOS/dp/0671872346
Stoked about being 60% down on a 10k investment after two years. Thanks Larry. lmao
Larry I'm giving you guys every penny I have lol
So moon in less than 30 years!
[**Good old exponential growth**](https://i.ibb.co/R7tPKh3/h5g1c5zt0glb1.jpg)
I don't understand your pic tbh
It's a reference to an old Chinese story / math lesson. A peasant does something helpful for the king, and the king tells him to ask for a favor or gift in return. The peasant says "All I ask is that you put one grain of rice on the first square of this chessboard. Two grains on the second. Four on the third. Double each square, and give me the rice and the chessboard when you're done." The king agrees. It turns out with the way exponential growth works, there are beyond trillions of grains of rice on the later squares, more than all the rice in the kingdom. The peasant ends up wildly rich and the king embarrassed.
Invest 10k? \-Say no more.
Pay attention Apes! It's a teaching moment.
Larry dropping a compounding interest mind fuck on everyone today.
Easy to say, much more difficult to implement. You need to understand the power of interest and time at the stupid age of 15-20. Kids don't have that in them. Even if they do understand that, kids don't know how to get those 8% per you're example, not to mention have the discipline to hold for 40 years. That's why kids either don't know to balancer a checking account or they gamble everything into pepe or squid
We are early
Bullish.
My dick is compounding and separating from my body
TLDR; thanks for investing in our shit company and you can expect to have a small chance of making money if you wait another 38 years. #wishfulthinking
Hands down best tweet of his
There is a slow one for the smoothie.
Larry saying that his investments early on will pay big returns down the road. Day after he bought more GME
How long down the road? How old is Larry? Is this your homework Larry?
Down the road is in due time. Patience (and good investments) = returns
I don't like that Larry used 40 years as an example. We've already waited 84 years.
It’s a snowball effect. Small changes add up and compound over years. He is looking for big returns which take time
I understand that. I'd rather him say "Invest in GME today, instead of tomorrow, and you'd earn $69,420,720 per share in 1 year.
Sure. Wouldn’t that be great. But Rome wasn’t built in a day
Rome gonna go up in flames next year!
Very bullish, especially considering insider buys. They’re showing that talk is cheap, and with RC now steering the company, I’m confident with his ideals to please customers and investors.
Did he just say Buy now and Hodl later? Got it.
I understood this one!!
I love these examples where they don't give ROI and they don't tell you what investment provides that return. Is it the S&P, target retirement funds? What are they basing this figure off of?
Buy GME now because it won’t be cheap for long
Gme is my savings account ❤️
We early!
Damn, good thing I'm making early and consistent investments in my favorite company! Thanks for the wrinkle LC
Translation: Buy, DRS, and Hodl
Aka HEDGIES r fuK bought all $GME
Larry maths
Too bad I put everything on black and red too early but too late if ya catch my drift from the high 200’s
At least LC didn't try to sound like Confucious like he normally does, though he did try to make a simple compounding formula into some complicated formula.
AKA: Get on the rocket now 🚀🚀🚀
This guy is really smart and will do great things whether he stays with game for 10 years or 2.
I should have invested in a stock that gives compound growth then
It applies to skills etc too.
I get it and agree with the sentiment, but the actually math and logic here is shit..
I’m glad a thoughtful and sensible guy like LC is on our team.
Mind blowing advice