At this level of wealth you have a family office to handle most everything.
lol you idiots all talking about filling it up with bunch of crap to do - most of them are utterly insane in terms of responsibility.
If I were a billionaire - I'd retire asap and move my parents closer to me. I'd live anywhere I want - so will have to do some reserach
This will keep me busy for quite some time. Then I'm off to doing nothing or traveling.
One of the first benefits of having any amount of money that people exercise is the ability to move away from ones parents.lol you idiots all talking about filling it up with bunch of crap to do - most of them are utterly insane in terms of responsibility.
If I were a billionaire - I'd retire asap and move my parents closer to me. I'd live anywhere I want - so will have to do some reserach
This will keep me busy for quite some time. Then I'm off to doing nothing or traveling.
Setup a charitable trust for $990B. Retire on $10M. Spend the rest of my life figuring out how to give away $990B responsibly. Sounds kinda like a drag.
What a loss to humanity it would have been if Jobs had dedicated the last 25 years of his life to figuring out how to give his billions away, instead of doing what he does best.
What a crock, almost a trillion dollars of the world's money is locked up in that stupid company's dragon hoard, with nothing to show for it but overpriced consumerism. Steve Jobs created a cult of personality around him and his stupid goddamn turtleneck that extracted money from his cultists. Aside from one or two hits, their products have always been overpriced, subpar crap.Funny, I've thought the same thing. It's like having a huge platform in Hollywood, the politic sphere, or on social media...with great power comes great responsibility. People put expectations on you to do certain things or behave in a certain way. Steve Jobs was someone who pushed back on that idea; this is a really interesting article on his non-philanthropical contributions to the world:
Steve Jobs, World’s Greatest Philanthropist
Editor’s note: This post was written in early September, after Steve Jobs retired. Upon the news of his death, we think it’s worth another read. A student at one of my talks on the nonprofit sector asked if I could name a for-profit company that was making a difference on the scale that...hbr.org
This quote is great:
Setup a charitable trust for $990B. Retire on $10M. Spend the rest of my life figuring out how to give away $990B responsibly. Sounds kinda like a drag.
The iPhone, while a great product with a new form factor, was not particularly original in its functionality
Vienna Beef is where its at!I would buy the premium brand wieners like Oscar Mayer. No more Jennie-O for me.
What a crock, almost a trillion dollars of the world's money is locked up in that stupid company's dragon hoard, with nothing to show for it but overpriced consumerism. Steve Jobs created a cult of personality around him and his stupid turtleneck that extracted money from his cultists. Aside from one or two hits, their products have always been overpriced, subpar crap.
And the iphone wasn't as groundbreaking as everyone thought it was, Jobs was.
Brewster's Millions... remake?Setup a charitable trust for $990B. Retire on $10M. Spend the rest of my life figuring out how to give away $990B responsibly. Sounds kinda like a drag.
Interesting perspective.That's certainly one perspective! But I think it's important to separate out fanboyism (and anti-fanboyism) from the facts. A few discussion points:
1. Trillion dollars: Apple's market cap is $2 trillion, but they they "only" have $200 billion in cash and marketable securities, which about what Elon Musk's & Jeff Bezo's net worth is as individual people (Bill Gates has $131 billion). For comparison, Alphabet has $135 billion in cash. So it's not entirely unusual for companies to have large amounts of cash on-hand. Why Apple hoards so much - we don't know. Are they planning on becoming a self-driving car manufacturer at some point? If the economy crashes, do they plan on helping out their employees? R&D? Stock buybacks? Who knows. The dragon's hoard is mind-boggling, but they're not the only company or only ultra-wealthy individuals who are doing it. That's not to say it's a good thing, but it's not entirely out of the norm.
2. Careers: Apple is currently responsible for 2 million jobs in the United States alone. They have over 9,000 suppliers and app developers have earned more than $16 billion dollars worldwide. The are actively employing people & making useful products. As far as being overpriced & "subpar", that's like getting upset about BMW or Mercedes luxury vehicles or Tesla's built-quality problems - there are plenty of options on the market & they are only one of them.
3. iPhone: I had a Dell Axim handheld for a long time. It was a marvelous tool when I first started out in corporate IT, but I sure wouldn't want to go back to that OS. Ask any Android or iPhone user if they want to go back to something like a Palm Treo or even a Blackberry & they probably wouldn't be too excited (other than having a physical keyboard!).
4. iMessage: At least in my business work, being able to send high-resolution photos instantly is so fantastic for support work. 0.3MP MMS messages can DIAF lol.
5. Facetime: I used to install high-end video conferencing systems for businesses that would run upwards of $20k per a site. Thanks to Facetime, things become so much easier. And now we have Zoom, which is really incredible technology. I do conferences with upwards of 50 people at a time...it's just amazing how far the technology has come! I use it all the time to work with customers, vendors, and suppliers when I'm on-site or off-site because of the convenience. Prior to that we had to be tethered to a computer or laptop using something like Skype, instead of having a handheld device that could flip between the front & back camera effortlessly.
6. iPad: Nearly every learn-from-home schooling system in my area uses iPads for textbooks, learning apps, video communication, etc. Kids don't have to carry home huge textbooks & often don't even need a dedicated computer, just a simple touchscreen tablet. Not to mention teachers, professionals, the medical community, etc.
7. Competition: Android as we know it today wouldn't exist without Apple. And competition breeds innovation...my buddy just got that new Samsung Z Fold 3 phone-table hybrid & it's ridiculously cool!
From a personal perspective, I picked up a 12.9" jumbo iPad & digital pen last year & enjoy it immensely! I primarily use it for art & other creative pursuits, particularly vector graphics & CAD (Shapr3D). I grew up using a Wacom in high school art class, so it's absolutely fantastic that I can sit on my couch with a high-res portable screen that has pen sensitivity & a long battery life & design things for my Cricut, CNC machine, laser cutter, 3D printer, etc. Other tablets were generally garbage (terrible battery life, super-thick & heavy, UI's not designed for touch, etc.) before the iPad came out. Jobs could have spent all of his time focused on distributing money, but instead he made an OS that rarely crashes, beautiful computers that look good in people's home, kickstarted the fully-touchscreen smartphone era, made useful tablets, created a company that provides jobs to literally millions of people, etc.
I do think it's pretty weird that Apple has such a huge pile of cash with no explanation, but it's not like releasing that cash back into the economy would benefit me personally or something. I also think it's unusual that Jobs didn't publicly create some type of charity or otherwise give to good & noble causes, particularly because at the time of his death, his net worth was just north of $10 billion. But, like Elon Musk, he was focused on making stuff that contributing to improving the world, which I think is a pretty valid approach to managing his financial position at the time by using his efforts & energy on producing useful goods & services.
I do think his simplified turtleneck wardrobe to eliminate decision fatigue was pretty genius tho...
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Use the proceeds to buy all the other golf courses on the planet, and convert them back into forests, and I'll hop on board.I'd buy an uninhabited island in international waters. A fairly large one that sits up pretty high so it can withstand any level of sea rise.
I'd make it completely sustainable, complete with agriculture and a small employee village to house workers. Solar, wind, tidal harness etc to provide power. Of course I would humanely relocate any larger animals.
Then I'd work on my pice de resistance:
Dual golf courses with a casino. You'd play one to the far end of the island, spend the night at the casino, and play the other one coming back. I'd partner with someone like Wynn to run it. Both courses would be maintained exclusively by robots powered by solar, with minimal human staff to manage them.
There are enough rich golfing gamblers in this world to provide me with a pretty great income from that alone.
Interesting perspective.
If Apple charged half what they charge for their products, they could sell far more, and employ more people as well. Capitalist organizations are inherently sociopathic. I tend to think that anyone in support of those systems are sociopathic as well. The fact that Jobs couldn't 'figure out' how to use actual billions to make the world a better place is telling.
I remembered reading an interesting perspective on specifically the money side, like why do companies still need profit after x, or why do people still need money after x.I think it's ridiculous that we're 10 years into the smartphone era, but iPhones still literally cost $1,000 new. I mean, when your market cap is $2 trillion & you literally have $200 billion in cash lying around, what more do you want? Bezos just spent $5.5 billion to go to space for 4 minutes...from a moral perspective, that joyride could have solved a LOT of problems in America. One out of every 153 American workers is an Amazon worker as of July 2021. With a million people under his employ, he could have given every single employee a $5,000 cash bonus instead, which is a HUGE amount of money when you're making $17+ an hour.
Our system needs a better balance to tame pure capitalism, but that tends to curb incentives & lead to corruption on top of an already corrupted system, so it's a really difficult problem to manage! I also don't necessarily blame Jobs for not donating directly to charity, as there's so much corruption within those, but he also had an opportunity to make his own charity & pay someone else to run it, which he didn't for whatever reason. Ultimately, from a legal perspective, especially for people like Bezos who blew a ton of money on a fun trip, the number one rule of the financial universe is "you can buy anything you can responsibly afford"! I'd probably totally go on a spaceship ride if I had $200 billion sitting in my bank account too LOL.
I remember watching the food documentary "Forks over Knives" & being totally blown away that we currently produce enough food for 10 billion people & only have 7.9 billion people on that earth, and we're only using 40% of our land for agriculture, not to mention climate-independent systems like Farm.One & Freight Farms. We have huge amounts of human capital, land availability, and resources, and yet we have over-priced smartphones & people who are starving to death (almost 9 million people a year die from hunger & hunger-related diseases worldwide). Supposedly just 3% of the American military budget would be enough to curb hunger & food insecurity in America on an annual basis.
We have the resources, we're just dumb lol.
I remembered reading an interesting perspective on specifically the money side, like why do companies still need profit after x, or why do people still need money after x.
It's an addiction to money, pure and simple. Every one of them wants more, regardless of how much they have. If you had crack cocaine addicts lobbying congress to ease restrictions preventing them from obtaining more crack, you'd think it was crazy. If we had congressmen who were gifted heroine in exchange for changing laws, or negotiated their own heroine/month pay rate, you'd think it was crazy. If a company had an actual warehouse full of opiates they got from other people in exchange for widgets that failed after a year or two, but insisted to continue to gather more and more as though they'd run out of opiates one day if they didn't, that would also seem crazy.
So why do we think it's normal with money?
Dance Price is fantastic, and has a pretty solid presence on Twitter if that's your bag.On dang, that's a brilliant explanation! I used to work for a guy who was chase-driven. "Enough was never enough". He had 4 mansions, 2 jets, a literal fleet of vintage cars, and was still on the hunt even at 60+ years old. I mean, at that point, gift all of your employees a million dollars & go enjoy your wealth somewhere, gosh! And what's crazy is that he was like the nicest guy you'd ever meet! He was just sucked into that whirlpool-hottub, spinning around in the warm comfort of the chase. To the point where he had employees who had been there 10+ years still making $13 an hour. I couldn't reconcile the amount of disconnect the Ivory Tower gave me. Again, super nice, but totally blind to the living situations of the people who had gotten him his riches. I love this dude's approach:
CEO on why giving all employees minimum salary of $70,000 still works 6 years later
CEO Dan Price slashed his own salary by $1 million to be able to give his employees a pay raise.www.10tv.com
Companies have something called mortality. You could have said the same for Sears in the 70s and 80s. But where are they now? Dying and not much pickings left.I think it's ridiculous that we're 10 years into the smartphone era, but iPhones still literally cost $1,000 new. I mean, when your market cap is $2 trillion & you literally have $200 billion in cash lying around, what more do you want? Bezos just spent $5.5 billion to go to space for 4 minutes...from a moral perspective, that joyride could have solved a LOT of problems in America. One out of every 153 American workers is an Amazon worker as of July 2021. With a million people under his employ, he could have given every single employee a $5,000 cash bonus instead, which is a HUGE amount of money when you're making $17+ an hour.
Our system needs a better balance to tame pure capitalism, but that tends to curb incentives & lead to corruption on top of an already corrupted system, so it's a really difficult problem to manage! I also don't necessarily blame Jobs for not donating directly to charity, as there's so much corruption within those, but he also had an opportunity to make his own charity & pay someone else to run it, which he didn't for whatever reason. Ultimately, from a legal perspective, especially for people like Bezos who blew a ton of money on a fun trip, the number one rule of the financial universe is "you can buy anything you can responsibly afford"! I'd probably totally go on a spaceship ride if I had $200 billion sitting in my bank account too LOL.
I remember watching the food documentary "Forks over Knives" & being totally blown away that we currently produce enough food for 10 billion people & only have 7.9 billion people on that earth, and we're only using 40% of our land for agriculture, not to mention climate-independent systems like Farm.One & Freight Farms. We have huge amounts of human capital, land availability, and resources, and yet we have over-priced smartphones & people who are starving to death (almost 9 million people a year die from hunger & hunger-related diseases worldwide). Supposedly just 3% of the American military budget would be enough to curb hunger & food insecurity in America on an annual basis.
We have the resources, we're just dumb lol.
I remembered reading an interesting perspective on specifically the money side, like why do companies still need profit after x, or why do people still need money after x.
Well in my enthusiasm...I made a typo Nice catch thoughThat is a trillionaire, not billionaire.
I do Lunch & Learns with work clients; I think I've sold 50+ Instapots at this point, I wish I had gotten commission! lol. I think every single one of my food service clients have one if not three or more IP's in use at this point. The time, labor, and mental energy savings in commercial environments are outstanding! Not to mention overcoming the learning curve at home. I have a lot of bodybuilder friends who use them now, as stuff like chicken, sweet potatoes, brown rice, and broccoli are ridiculous easy to make & come out perfect every time, as well as super easy, hands-free automated, repeatable cooking for individuals & families.
I do cooking sessions with my nephews sometimes. My goal is to have them be fully independent food-wise by the time they graduate, in terms of being able to maximize the Instant Pot to provide them with cheap, awesome food. Not to mention it's great for dating - girls don't want hunks, they want FOOD! Feed them & you'll suddenly have a girlfriend, haha! My go-to cheap date back in the day was always introducing people to dipping fries in Frosties at Wendy's, but I wish I had had an Instant Pot for easy meals at home! Now that I've gotten used to training people how to cook, doing little Instant Pot get-togethers (well, pre-COVID, anyway) is actually pretty fun!
Waxing on about this stuff, I didn't really realize how important food was for most of my life. The average family of four spends over $7,000 a year on food. Food controls our mood & our energy and contributes to our motivation & our happiness immensely! Think about the last time you went too long without food (get angry or withdrawn?) or having a crappy meal instead of a yummy one that you actually look forward to, or remember the last time you had a good home-cooked meal or looked forward to your favorite dish from your favorite take-out place.
It's so integrated into our lives, yet largely invisible, and for me at least, is constantly a HUGE chore to have to deal with, which is why I get so excited about great tools like the Instant Pot, because once you get through that initial rite-of-passage & start making pasta & desserts & chilis & everything with it, it's absolutely AWESOME because you start saving money, feeling great all the time, being happier because you're well-fed, have leftovers you actually look forward to eating, etc.! Although my latest BFF has been my Anova Oven. I've done a lot with it since, but this is a good article where I go over how I like to use it:
Anova Precision Oven Q&A with #anovafoodnerd Kaido Mac
You can't go on Reddit or Facebook without seeing Kaido Mac cooking up a storm with the Anova Precision Oven! Few have put the APO through the paces quite like Kaido has, and we caught up with him recently to let him tell his story and show how the Anova Precision Oven has changed his cooking...anovaculinary.com
lol you idiots all talking about filling it up with bunch of crap to do
Companies have something called mortality. You could have said the same for Sears in the 70s and 80s. But where are they now? Dying and not much pickings left.
Such general commentary is bringing consumer decision making paradigms into the realm of business.
Between the evils of the corrupt fat cats vs the idealistic lay man, the corrupt fat cat is less damaging to society because they have a better sense of the system. The American lawyer pimping system is much better than the tyranny of statist command economies that still fuck over the environment and there is no protest. No government could have made an iPhone.
You were the inspiration behind my getting an IP! (also an air-fryer)
Been awhile since I've used either one but I tend to be 99.9% outdoor grill cooking during summer months so that will be changing shortly!
Get yourself some Souper Cubes for chilis & soups from the Instapot!
1-Cup Tray (pack of two)
The Souper Cubes® 1-cup tray makes freezing and storing soups, sauces, and stews both easy and convenient. Souper Cubes® trays are built with thick silicone walls and a steel-emdeded rim to make the tray extra sturdy. The clear BPA free plastic lid fits snugly to prevent spills, keep out...www.soupercubes.com
Pics from their Instagram:
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Freeze into Tetris-style blocks for compact freezer storage!
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