This lady started out with $10k in the early 00s. She tried day trading and made a little money but not much. Then she put her own savings in. Now she has over $100k. Then, literally at the beginning of the 2007/2008 financial crisis, she gets money from her friends and has about $700k. The market crashes. Years later she has $41M.
They talk about her strategy now deft it was, the structure of her investing group, all this technical stuff. But they’re missing the material truth at the center. She was already better off than most people, having $100k in savings, $10k in capital to piss at stonks, and then she even hints at having property. So she’s basically wealthy. She then gets a loan from her friends so they can buy stocks during a major economic crisis, when stocks are cheapest. Even when she gets out of stocks and into options, she basically rides the recovery up to be a millionaire. Right place at the right time with enough capital to take advantage. This is Warren Buffets strategy too. He just buys shit when Wall Street is on fire and then rides up the recovery.
These people lack this kind of view so much it makes me really wonder how a materialist driven strategy would do against theirs. They have this great piece of economic truth and they bury it under technical idealism. They never understand, they think it’s the esoteric calculus of investment that drives these victories.
