Capital

A powerful form of leverage is capital Is capital is capital A powerful form of leverage is capital Is capital is capital And this one's a little less Hardwired into us because Large amounts of money moving Around and being saved And being invested in money markets These are inventions Of human beings in the last few hundred To a few thousand years They're not evolved with us from Hundreds of thousands of years So we understand them a littlе bit less well They probably rеquire more intelligence to Use correctly and the Ways in which we use them keep changing The management skills from a hundred years Ago might still apply today But investing in the stock market Skills from a hundred years Ago probably don't apply to The same level today So capital is a trickier form Of leverage to use, it's more modern It's the one that people have used to Get fabulously wealthy in the last century It's probably been the dominant form of Leverage in the last century And you can see this by Who are the richest people It's bankers, politicians, and corrupt Countries who print money Essentially people who move large Amounts of money around And if you look at the Top of very large companies Outside of technology companies, many Many large, old companies The CEO job is really a financial job They're really financial asset managers Deep down I think we all dislike capital as A form of leverage because it feels unfair Because it's this invisible thing that Can be accumulated and Passed across generations and suddenly Seems to result In people having gargantuan amounts Of money with nobody Else around them or necessarily sharing in it A powerful form of leverage is capital Is capital is capital A powerful form of leverage is capital Is capital is capital That's like capital is a Powerful form of leverage It can be converted to labor It can be converted to other things It's very surgical, very analytical If you are a brilliant investor And give a billion dollars You can make 80% return With it whereas anybody Else can only make a 20% return You're gonna get all the money and you're Gonna get paid very handsomely for it It scales very very well, if you Get good at managing capital You can manage more and More capital much more Easily can manage more and more people So it is a good form of leverage but the hard Part of capital is how do you obtain it? And that's why I talked about Specific knowledge and accountability first If you have specific knowledge in A domain and if you're Accountable and you have a good Name in that domain Then people are going to give you Capital as a form of Leverage that you can use to Then go get more capital A powerful form of leverage is capital Is capital is capital A powerful form of leverage is capital Is capital is capital