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Stocks = magical levers for other people’s time
Imagine the smartest person you know. They start a company with other incredibly smart, impressive people. They work 100 hour weeks and hustle like mad. One day, you learn that your friend’s company is raising money. You’d get shares of the company and potentially experience massive upside if the company does well.
You can skip all the work, energy and time that goes into creating and operating a company…by simply forking over some money.
Stocks are incredible levers for other people’s time.
And yet, the stats bear out that 21.5% of startups fail in the first year and 50% in the fifth year.
Your friend’s incredible operation is just at the starting line for taking a company public. Less than 0.001% of all startups get to IPO.
Public companies are a great filter: if you think about it, even the worst companies in the S&P 500 are incredible. Their exec teams represent the smartest business minds in the world.
Here’s a headtrip: an investor who becomes passionate about a company and buy a lot of its stock can stand to make more…
