Smart vs Dumb Money
I’m writing this on a broken keyboard thanks to my cat, so I’ll keep it short.
Money is a product of thought, initiative, energy, serendipity, and sometimes sheer luck. It can skew between these categories, and is no more an indicator of merit than a thought on its own. Yet in society, especially non-DAO society, a persons merit is amplified to an unrealistic degree by their money. In reality a person does not have more brain-merit than any other based on this factor alone. I will judge them no more superior in thought than I do the next person. It really depends entirely on what they think. Whether their position is $50 or $5,000,000 makes little difference in this determination.
Therefore smart money invests in collectivism and culture. They buy the giga-brain. This is where that dirty word “cult” comes out of the wood work. These investors buy things that have a spirit which cuts deeper than any trend or fib. The smart investor purchases loyalty, and covets it more than gold. More than any individual thought.
Dumb money invests in trends. They invest in virality at face value, and purchase such virality on short term timeframes with the hope that the sheer power of their money will carry them forth. It often does, but this is not the kind of money that transcends generations. Fads can make people wealthy, but they do not create generational wealth.
Culture creates generational wealth, and culture comes from radical collectivism.