"no one gets rich from the small print." truth via @sacca
as industries (and egos) get bloated, there is a premium for WYSIWYG people; those with confidence to win doing what they do best vs. optimizing for short-term games and "small print" at the edges.https://twitter.com/sacca/status/1245016080948420608 …
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Replying to @scottbelsky @sacca
Unfortunately, I have to disagree. I know plenty of rich people who scammed their way to huge $$$. Lots of small print in there...
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Replying to @theSamParr @sacca
I know some of those, but I (and most I know) know how these people work - and don't work with them, don't make intros, etc... justice doesn't prevail at every moment in time, but tends to prevail over time...
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Replying to @scottbelsky @theSamParr
I guess your exception also comes down to how we define “rich.” No one on the lists for helping create big, generational, consistent returns got there because of some bullshit buried in 27.3 subpart (b) clause (ii).
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Replying to @sacca @scottbelsky
Sure. But there have been people who've built fortunes (+$100m) with stupid got ya terms. Example. Bill Bonner. Owns Agora. $1b/year business. They make old people pay $5 for a book and then renew you for $2k memberships.
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Also, comcast and every fucking cable company out there. fine print, fine print, fine print!
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Replying to @theSamParr @scottbelsky
Hey man, we are talking about venture capital fund documents. No doubt there are many Superman III examples of fine print out there in the rest of the world.https://youtu.be/N7JBXGkBoFc
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Feels. Thought you meant that gotchya clauses don't work.
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