While the article has its issues, the point about how cavalier these guys are about throwing a billion dollars at something is interesting. I have to submit dozens of pages of documentation to the federal government to get $100k, but these guys shoot a text and get a $1B.
It's their money to lose of course, but if they do this then we shouldn't take their investments in a company with too much gravity.
It's easy to think of a reasonable counterpoint to this article: busy people have stuff to do. They don't waste their time writing all of their texts with perfect and flowery language, and editing and proofreading it for publishing. They just talk in the moment like many humans do and brainstorm and throw ideas at the wall. I'm sure anybody at that level could sit down and write a perfect business letter if they needed to.
News flash: privileged Atlantic 30-something writer from Bryn Mawr, who went to Hamilton College and has one book that he coauthored, considers Elon Musk not very smart.
Almost all of these billionaires' net worth is in stocks; that is, in their (part) ownership of companies. Redistributing their wealth is the same as taking ownership of their companies away from them. In that direction lies the Soviet Union.
Because they’ve created immense value, jobs, and progress from which other human beings have benefited and will continue to benefit for years to come. Not sure why this is so hard to understand.
Readit News
It's their money to lose of course, but if they do this then we shouldn't take their investments in a company with too much gravity.
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[1] https://fact-wiki.com/charlie-warzel/