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One of my favorite threads is this one where he talks about the challenge of figuring out what to do with money. Highly recommended if you're partaking in Themed Twitter today (and in general)
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The word “invest” has 2 distinct meanings in relation to capital: Invest (1): Spend money to build a capability. Example: a bridge, a factory, a mansion. Invest (2): Spend money to acquire a formal stake in an existing capability. Example: stock, bond, lien. 2 now dominates 1
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