Conversation

SBF
@SBF_FTX
Replying to
@SBF_FTX
5) So what does big usually look like? How do you get there from here? Well, part of the answer is: I don't know! No one knows the future for sure. But we can look at the past.
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SBF
@SBF_FTX
7) I'm going to go ahead and throw out "be born into the Saudi royal family" as a life choice. And what's left is: Apple, Microsoft, Amazon, Google, Facebook, Tencent, Alibab, Tesla, Berkshire, TSM, Visa, ...
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SBF
@SBF_FTX
9) The smartphones, operating systems, computer chips, credit cards, retail stores, etc. used by 1B+ are all part of companies worth $100B+; And most companies worth $300B+ have at least 100m users.
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SBF
@SBF_FTX
10) So how do you build something worth a ton? Build something 1B+ will use; be born into the Saudi royal family; build Tesla; or build Berkshire Hathaway. Berkshire is an interesting case: become the most popular investment vehicle, and you can scale massively.
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SBF
@SBF_FTX
11) And then there's Tesla. Tesla doesn't currently have 1B cars sold; that's not what Tesla's about, really. Maybe it will be, soon: to some extent, Tesla is about the future, and the possibility that it will come to dominate the auto industry. And space, and tunnels...
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SBF
@SBF_FTX
12) To a large extent, Tesla is about the person behind the company. Tesla is a bet on
@elonmusk
. It's a bet that the same person who defied the auto industry and came out winning--and now looks poised to do that in space--will keep winning.
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SBF
@SBF_FTX
13) A bet that the man whose shitposts took on shortsellers and the SEC; whose speeches pitted him against MBAs and regulators; whose public pot puffing belies a fanatical obsession with his products-- that he will keep thinking big. And that when
@elonmusk
builds, he delivers.
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SBF
@SBF_FTX
14) Which brings us full circle, sort of. Eventually Tesla's biggest product might be cars, but right now it's not. Right now Tesla's biggest product is TSLA, which is possibly the world's most popular investment vehicle. Sort of like BRK.
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SBF
@SBF_FTX
Replying to
@SBF_FTX
16) As an aside:
@SpaceX
is raising right now. If
@FTX_Official
can get an allocation: a) FTX will list SpaceX stock for customers across the world b) We'll donate 95% of gains to the world's most effective charities, and 5% to the Dogecoin foundation
@elonmusk
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SBF
@SBF_FTX
17) So anyway: I don't want to overgeneralize too much here, but roughly speaking: If you build a product used by 1B people, that's worth a fortune. And how do you do that? I don't know, I've never done it before! But you have to identify something 1B people *could* use.
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SBF
@SBF_FTX
18) And then you have to build it. And then you have to find your 999,999,999 closest friends and get them to use it too.
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SBF
@SBF_FTX
19) This post started off about having huge impact on the world. And donating a fortune is one way, but it's not the only way. And in fact it's not the most common way. You *do* need to do something that touches 1B people, though, somehow.
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SBF
@SBF_FTX
21) Generally, you can try to identify the most important things in the world, and try to maximize your impact on them. Some of those people are famous. Many aren't, and might never be. The people I respect most in the world often aren't, because that's not their goal.
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SBF
@SBF_FTX
22) But one way or another -- whether it's through industry or charity or science -- if you want to change the world, think big. And if you can get really big, and focus that energy, you will often change the world.
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