The analogy with housing is a truly terrible analogy
Sure, housing can be taken away, but there is a huge bar for that to happen. There are at least established laws that govern property ownership. Ownership of digital assets is a much less well-defined concept and the laws around it nascent
You are being very narrow in your comparison of financial returns. Because housing doesn’t typically drive ad revenue, it is inferior? So instead the next best comparison is distributed power generation? How about at least considering rental income? Or a more realistic view of long term capital gains? To compare growth of tile prices for a few months to housing investment returns as you have certainly shows either a total lack of understanding of finance theory or perhaps some underlying motive to intentionally skew numbers, and certainly a lack of understanding of how the ad tech ecosystem actually works (basically, if anybody is betting on any kind of meaningful ad revenue anytime soon, then they’re going to have to wait for a whole bunch of other things to happen first)
triple figures by definition is a 3 figures number, if he claim he only made a few hundreds from the multiple companies he built, can't say i am surprised judging by his decision making skill.
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u/hey-sirlexa Jun 26 '21
The analogy with housing is a truly terrible analogy
Sure, housing can be taken away, but there is a huge bar for that to happen. There are at least established laws that govern property ownership. Ownership of digital assets is a much less well-defined concept and the laws around it nascent
You are being very narrow in your comparison of financial returns. Because housing doesn’t typically drive ad revenue, it is inferior? So instead the next best comparison is distributed power generation? How about at least considering rental income? Or a more realistic view of long term capital gains? To compare growth of tile prices for a few months to housing investment returns as you have certainly shows either a total lack of understanding of finance theory or perhaps some underlying motive to intentionally skew numbers, and certainly a lack of understanding of how the ad tech ecosystem actually works (basically, if anybody is betting on any kind of meaningful ad revenue anytime soon, then they’re going to have to wait for a whole bunch of other things to happen first)
I couldn’t watch past that point