The hottest Wealth Substack posts right now

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

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.

Alternative Investments #4 - Farmland

Concepts of Finance 🧠 • 99 implied HN points • 09 Aug 23
💰 Finance Investing Assets Markets Wealth Economics
  1. Investing in farmland can be done in many ways, not just by owning a farm. There are various options available for those who want to invest in this stable asset.
  2. Farmland offers a unique opportunity because it has the potential for solid returns and can be less volatile compared to other investments.
  3. While investing in farmland has its benefits, there are also risks involved that investors should be aware of before getting started.

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.

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.
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Three Types of Elite

Bullfish Hole • 58 implied HN points • 09 Apr 23
🇺🇸 U.S. Politics Elite Wealth Power
  1. Elites prioritize different dimensions of status like wealth, power, and prestige.
  2. Some individuals have a talent for one dimension of status over the others.
  3. There are distinct differences in the values and characteristics of elites in modern society.

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.

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

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.

Why Wages Slowed More In Japan Than Elsewhere

Japan Economy Watch • 159 implied HN points • 13 Dec 21
💰 Finance Wages Economic Theory Labor Market Income Wealth
  1. Wages in Japan have not just slowed down but actually fallen, unlike in other rich countries where wages have been suppressed.
  2. The widespread slump in wage growth goes against economic theory, signaling a shift in how consumer demand and wages have traditionally grown alongside output.
  3. One main reason for Japan's wage decline is the rise of poorly paid non-regular workers, showcasing the impact of political factors on wage disparities.

Creativity Is a Privilege for the Wealthy. Or Is It?

The Intersection • 19 implied HN points • 01 May 23
🎭️ Culture Creativity Wealth Privilege Art Society
  1. Creative opportunities are often more accessible to the wealthy due to having the resources to pursue them.
  2. Money can provide the freedom to explore creativity without the worry of basic necessities like a roof over your head.
  3. Acknowledging and being grateful for the privileges we have can help us be more empathetic towards others who may not have the same resources.

The Haves and the Havents Part 7

Carefree Sketches • 59 implied HN points • 11 Apr 22
🎭️ Culture Wealth Social Class Fashion Society
  1. Indecent displays of wealth can cause suspicion and contempt among different social classes.
  2. There are typically two reactions of the poor upon acquiring wealth: becoming miserly or spending extravagantly, both with their own consequences.
  3. The interplay between the rich, the newly rich, and the poor creates a complex environment of social dynamics, mutual respect, and practicality.

401(k)s Are Failing Americans.

JoeWrote • 29 implied HN points • 12 Sep 23
💰 Finance Retirement Pensions 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.

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.

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.

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.

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.

The Inescapable Inequality of Exponential Growth

Theory A : Visualize Value Investing • 4 HN points • 12 Feb 23
💰 Finance Investing Wealth Inequality Exponential growth Strategies
  1. Investments grow exponentially, with even minor rate changes leading to substantial differences over time.
  2. Exponential growth leads to wealth inequality, as those starting earlier accumulate more.
  3. Understanding that inequality is a natural result of exponential growth can help avoid risky decisions driven by envy.