Comment by WalterBright
4 days ago
Billionaires become billionaires by making and selling things people want. Obviously, a lot of people want what they are selling, and think it is worth buying.
4 days ago
Billionaires become billionaires by making and selling things people want. Obviously, a lot of people want what they are selling, and think it is worth buying.
That's such an excessively naive, childlike take that it's hard to know where to start. You don't become a billionaire by "making and selling things". That doesn't scale beyond the low millions. You become a billionaire by leveraging existing capital to rearrange bits of the economy in such a way that money flows towards you [note]. Productive output, be it goods or services (which you seem to have forgotten exist) is strictly optional. You think Warren Buffet sits in his garage cranking out widgets? What planet are you on?
[note] For example, you might contrive to purchase the entire supply of some valuable resource with inelastic demand, and then sell it back to people, perhaps at an inflated price.
> You don't become a billionaire by "making and selling things".
See Microsoft, Walmart, Amazon, Apple, Tesla, SpaceX, Pixar, Lego, and on and on.
> you might contrive to purchase the entire supply of some valuable resource with inelastic demand, and then sell it back to people, perhaps at an inflated price.
Example?