11 Thoughts on Money from X:
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Money is the best video game ever created.
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If you neglect your children to play video games, it’s a nationwide news story. If you neglect your children to play the money game, it’s a Tuesday.
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Money is a multi-player game with a simple but infinite scoreboard.
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Choose your character in the money video game: Positive sum, negative-sum, or zero-sum.
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Money unlocked society’s ability to track and measure value. What metrics do we not currently track that would change society if we could?
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“If you can’t be happy with a coffee, then you won’t be happy on a yacht” - Naval
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The sandwich problem: One man tried to make a chicken sandwich from scratch - It cost him $1500 and took him 6 months. Money creates mass coordination between strangers to solve the sandwich problem.
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School gives most people PTSD to mathematics. If you use basic arithmetic, you’re the one-eyed man in the world of the blind.
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The meme of being a millionaire is like a 3-hour or 4-hour finish time in a marathon. It gives people a clear scoreboard to aim towards. What replaces the meme in a post-inflation world?
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“A rich man is anyone who earns more than his wife’s sister’s husband.” - Rory Sutherland
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Mansa Musa is supposedly the richest man ever.
He was the emperor of Mali in the 14th century with an estimated $400 billion by today’s standards.
Have you ever heard of him? Probably not.
All money scoreboards go back to 0.