The hottest Wealth Substack posts right now

And their main takeaways
Category
Top U.S. Politics Topics

At least five interesting things for your weekend (#26)

Noahpinion • 13059 implied HN points • 27 Jan 24
🇺🇸 U.S. Politics Economy Energy Education Wealth Healthcare
  1. The U.S. economy is thriving, with real growth, increased wages, high employment rates, and a booming stock market.
  2. The U.S. energy supply is abundant due to investments in shale oil production, keeping prices moderate and potentially boosting the economy even further.
  3. Millennials and Gen Z are doing well economically, with wealth accumulation surpassing previous generations at a similar age, especially in real estate.

Wealth-Envy Has Become Part Of The Cultural Air We Breathe

Sparks from Culture by David Roberts • 1709 implied HN points • 27 Jan 24
🎭️ Culture Wealth Inequality Literature Society
  1. Wealth envy is prevalent in society due to comparisons with the lifestyles of the wealthy.
  2. There is a significant increase in economic inequality, with the top 0.1% of households controlling a large portion of American wealth.
  3. Invidious comparisons of wealth can lead to dissatisfaction and rob us of gratitude for what we have.

Chuck Your Privilege

Persuasion • 2908 implied HN points • 06 Sep 23
🎭️ Culture Education Social justice Class Wealth Privilege
  1. Checking your privilege based on certain characteristics isn't as impactful as acknowledging and renouncing the privilege of money or class.
  2. Elite college students are likely to come from wealthy backgrounds or are aiming for prestigious, high-paying careers, prioritizing money and status over making a positive impact in the world.
  3. It is possible to act on privilege related to wealth and status by renouncing financial support, declining elite opportunities, and embracing a more humble and real outlook.

The Gravitational Force of Tech Money

The Future, Now and Then • 144 implied HN points • 13 Mar 24
💼 Business Tech Wealth Economy Capital Finance
  1. Gravitational impact of money increases with scale, where extreme wealth creates societal problems beyond personal purchasing power.
  2. Tech billionaires accumulating astronomical sums of money have industry-warping and societal impacts, shaping the future and institutions.
  3. The concentration of vast capital in the hands of a few leads to comical ineptitude and problems society struggles to address, highlighting flaws in the tax system.
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causing prosperity

bad cattitude • 165 implied HN points • 07 Mar 24
💰 Finance Economics Wealth Poverty Income Inequality
  1. Welfare states are not charity; they can lead to poverty traps
  2. To create prosperity, we need pillars like property rights, scientific rationalism, modern capital markets, and effective communication systems
  3. Redistribution of wealth to alleviate poverty can actually increase absolute poverty, impacting economic growth and overall wealth

Lessons From Ed Thorp’s Interview With Tim Ferriss

moontower: a stoner dad explains options trading to his kids • 216 implied HN points • 07 Feb 24
💰 Finance Investing Society Wealth Personal Development
  1. Long-term investors should consider buying and holding equities, especially in the US, as they tend to outperform most other forms of investing.
  2. Minimize risks in investments to avoid significant losses that could take you out of the game altogether.
  3. Encourage independent thinking and questioning of information, rather than blindly following popular opinion, for better decision-making and personal growth.

The Relief And Horror That Renting Is More Financially Sound Than Buying

Good Reason • 199 implied HN points • 14 Jan 24
💰 Finance Housing Personal Finance Wealth Investing Real Estate
  1. Renting is now more financially sound than buying due to high mortgage rates and home prices.
  2. Renting may save money now, but high rents are still a burden on many, making it hard to save for a home in the future.
  3. The current housing situation reflects negatively on society, with both buying and renting becoming expensive options.

Can we blame Sam Bankman-Fried's parents for Sam Bankman-Fried?

The Ruffian • 233 implied HN points • 30 Sep 23
💼 Business Crime Ethics Regulations Wealth Legal
  1. Sam Bankman-Fried's parents are involved in a lawsuit alleging illegal activities with their son, suggesting a questionable ethical example.
  2. The topic of blame for crimes and misdemeanors is controversial and involves considerations of environmental and situational factors.
  3. Ethical debates discuss the concept of blame and whether individuals have true free will to be held accountable for their actions.

🔅 Lesley Lokko's Architectural Revolution & Kenya's IMF Lifeline

baobabnewsletter • 58 implied HN points • 19 Jan 24
🌍 World Politics Architecture Geopolitics Mining Wealth
  1. Lesley Lokko is the first African woman to win the prestigious RIBA gold medal and is revolutionizing the architectural world through academia and diversity.
  2. Kenya received a significant financial boost from the IMF to tackle economic challenges and debts, emphasizing the country's resilience amidst crises.
  3. Red Sea ship diversions due to conflicts in the area have increased fuel demand in African ports, creating congestion and soaring prices.

Easy Money

Dana Blankenhorn: Facing the Future • 39 implied HN points • 07 Feb 24
💼 Business Wealth Tech industry Politics Entrepreneurship Financial Markets
  1. The easy money era since 2008 has allowed individuals to rapidly amass wealth through financial maneuvering.
  2. Billionaires have a responsibility to the system that enabled their wealth, and disrespecting that system is unacceptable.
  3. Democracy is under threat due to the attitude of newly wealthy individuals who view themselves as superior beings.

Enough: The Forgotten Lesson of Ben Graham's Life

Neckar’s Notes • 264 implied HN points • 04 Mar 23
💰 Finance Investing Wealth Education Philosophy Business
  1. Ben Graham's success was largely due to his investment in GEICO, not just deep value stocks.
  2. Graham's approach to investing was more focused on teaching basic principles accessible to all, rather than on seeking out the best companies like GEICO.
  3. Buffett, unlike Graham, dedicated himself to the pursuit of amassing wealth through compounding capital, while Graham saw investing as just one of many interests in his life.

The Argentine Dream: Aristotle Onassis

BowTiedMara - Geoarbitrage & Mobility Assets • 196 implied HN points • 09 Apr 23
💾 History Biography Wealth Family Argentina Legacy
  1. Aristotle Onassis went from a broke nomad to the world's richest man by making his fortune in Argentina.
  2. Onassis used unconventional methods like insider trading, bribery, and eavesdropping to increase his wealth.
  3. Family tragedies marked the downfall of the Onassis empire, with deaths, divorces, and misfortunes impacting future generations.

Money Burn

Polymathic Being • 66 implied HN points • 24 Sep 23
💰 Finance Wealth Spending Charity Psychology Support
  1. We tend to hesitate to give fair prices to those in need while easily overpaying for unnecessary luxury items.
  2. We often show generosity to those who don't require it, while driving a hard bargain with those in need.
  3. Our spending behaviors are driven by the dopamine hits we get from scoring bargains and splurging on luxuries; it's about reframing our perspective to support those in need more.

Wealth

Aliens of New York • 3 implied HN points • 17 Mar 24
🏥 Health & Wellness Wealth Happiness Relationships Life lessons
  1. True happiness comes from the relationships we cultivate and the love we share with others, not from material possessions or wealth.
  2. Simplicity and authenticity can bring a sense of connection and love that is often missed in a life focused on acquiring possessions and status.
  3. Community and belonging play a significant role in one's sense of happiness and fulfillment, which can sometimes be lacking in a lifestyle centered around material wealth.

Shadow Puppets

The Last Bear Standing • 144 implied HN points • 07 Apr 23
💰 Finance Wealth Assets Stock Market
  1. Households in the United States have a large majority of their net worth in non-cash assets like stocks and real estate, with cash and bank deposits making up a small portion.
  2. Non-cash asset values are extrapolated based on a small percentage that are traded for cash, similar to estimating the total length of a football field by measuring a small unit.
  3. The financial system's implied market value of non-cash assets is ultimately based on a small portion of cash-for-asset exchanges, emphasizing the importance of understanding how cash moves.

Mini Post #2: Keeping Up With The Medicis

Some Unpleasant Arithmetic • 7 implied HN points • 13 Feb 24
💾 History Wealth
  1. Socioeconomic mobility, the movement of individuals between income levels, shows a decline over centuries, with rich families likely to remain wealthy while others struggle to move up.
  2. Ancestral wealth and profession continue to influence present-day earnings, with a notable correlation between the wealth of families in the 15th century and their economic status today.
  3. The persistence of surnames and professions over generations suggests a significant impact on individual economic outcomes and social mobility, showcasing long-term wealth patterns.

Only in Hell Can the Dow Ever Climb

The False Consensus Effect • 39 implied HN points • 10 Oct 23
💰 Finance Economy Investing Stock Market Wealth Retirement
  1. The author discusses the complexities of wealth, power, and inequalities tied to investment portfolios, questioning the morality behind profiting from people's suffering
  2. A critical view is presented on the impact of financial markets, politicians, and media propagating a system that prioritizes profit over social justice
  3. The importance of reflecting on societal values, advocating for equity, and challenging the status quo of wealth accumulation and economic structures

What Is Your Contribution?

We're Gonna Get Those Bastards • 8 implied HN points • 27 Jan 24
📖 Philosophy Purpose Wealth Altruism Legacy
  1. We can measure our contribution to the world in various ways, not just based on traditional accomplishments.
  2. Some jobs, like teachers and social workers, have a direct impact on people's lives, while others may feel disconnected from their positive impact.
  3. Contributing to society can take different forms, whether through work, wealth, or personal efforts, and it's important to find meaningful ways to give back.

Still-Life (Talking)

Critic at Large • 59 implied HN points • 01 Jul 23
🎨 Art & Illustration Painting Philosophy Wealth Symbolism
  1. The painting 'Still Life With a Gilt Cup' by Willem Claesz Heda presents a subtle message warning against the dangers of wealth and excess.
  2. The details in the painting, such as the luxurious items on the table, symbolize the seductive nature of material goods and the transitory nature of life.
  3. The painting reflects a Calvinist-inspired moral reminder about the consequences of greed and the importance of not being consumed by worldly pleasures.

Housing Can’t Be Affordable and an Investment

Good Reason • 3 HN points • 27 Feb 24
💰 Finance Housing Market Investment Wealth Inflation Income
  1. US housing has become extremely expensive, with a median single family home selling for over $400K and prices rising more than 7% annually since 2012.
  2. If housing prices continue to rise at 7% annually, they'll nearly double in 10 years and nearly quadruple in 20 years, making homes unaffordable for many.
  3. Treating housing as an investment has consequences, creating an underclass unable to afford homes and pushing more people into debt, cramped living situations, and even homelessness.

401(k)s Are Failing Americans.

JoeWrote • 29 implied HN points • 12 Sep 23
💰 Finance Retirement Savings Wealth
  1. 401(k)s are leaving many Americans unable to retire due to insufficient funds.
  2. 401(k)s were never intended to be the main retirement system but have been pushed as such by employers.
  3. The shift from pensions to 401(k)s has placed an unrealistic burden of retirement savings on individuals, leading to many people working past traditional retirement ages.