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Kalpen Parekh (DSP Mutual Fund CEO): Delay gratification or stay poor forever Rich People Don't Buy Junk: Kalpen Parekh's Brutal Truth on Lifestyle & Investing to Beat Volatility . Must watch video 📌

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In 1972, a Stanford psychologist gave 4-year-olds a choice. "One marshmallow now or wait 15 minutes and get two." Rich kid waits. Poor kid eats it immediately. For 50 years, psychologists said this proved poor kids lack self-control. Wrong. Poor kids learned that promises get broken. The second marshmallow isn't coming. Professor Jiang Xueqin spent 50 minutes explaining why the poor kids are the rational ones: The psychologist was named Walter Mischel. He put a marshmallow in front of 4-year-olds and said: "You can have it now, or wait and get two." He tracked them for decades. The kids who waited did better at everything. His conclusion: success means delayed gratification. Long-term planning. Self-control. So educators built curricula around it. Teach kids self-control, resilience, self-assessment. They'll succeed. It didn't work. "If you take a bad student and teach him self-control, resilience, and self-assessment, the student doesn't actually get better." The reason is simple: correlation does not equal causation. Successful people wake up at 4am. But waking up at 4am won't make you successful. If you're successful, you wake up early because you're motivated. If you're successful, you have self-control because your environment rewards it. The traits don't cause success. Success causes the traits. Here's what actually determines success: "We know for a fact that rich people are much more likely to succeed than poor people. School doesn't really matter. If your parents are rich, you'll be successful. If your parents are poor, you will not." The difference starts with parenting. A rich kid touches a hot stove. The parent says: "You made a mistake. Don't worry about it. Let me explain why fire is dangerous. You could burn yourself. We'd have to go to the doctor." A poor kid touches a hot stove. The parent says: "Don't you ever do that again or I'll beat the crap out of you." Same lesson. Completely different worldview. The rich kid learns: the world is safe. I am respected. Adults explain things to me. The poor kid learns: the world is scary. I must fear authority. Don't ask questions. There's another difference. Rich parents keep promises. Poor parents can't. "Next week we'll go to Thailand." Next week, you go to Thailand. "Next week we'll go to McDonald's." But the paycheck isn't enough. "Sorry, we can't go anymore." Rich parents offer stability. Poor parents can only offer volatility. Now go back to the marshmallow test. "If you believe the teacher will keep his promise, you won't eat that marshmallow. If you think the teacher is lying, you will eat it." If you're a poor kid, you've learned that promises get broken. Adults lie. The second marshmallow probably isn't coming. So you eat the first one. That's not lack of self-control. That's rational decision-making. "Poor kids are not stupid. Poor kids are rational. They're responding to the circumstances they live in." The same logic applies to resilience. "The idea of resilience is that you believe the world will help you. If you're rich and you fail, someone will help you get up. If you're poor and you fail, that probably tells you that you shouldn't be doing this." Why try again when trying again has never worked? And self-assessment? "If you're a poor child who lives under a lot of stress, it's hard to be self-reflective. Because if you look back at yourself, all you think about is your pain and your stress." Here's the deeper structure. "As a poor person, if you want to survive, you have to obey authority. As a rich person, you maximize your outcome by negotiating with others." Poor parents command their children because that's what the world will demand. Obey the police. Obey the boss. Don't talk back. Rich parents teach their children to debate, argue, negotiate. Because that's their game. "From day one, rich kids know they're playing a different game." Here's something stranger. 500 students took an IQ test. Then they guessed their ranking. The top 5% thought they were top 20%. The test was easy for them, so they assumed it was easy for everyone. The bottom 5% thought they were average. "People who are stupid lack the capacity to know they're stupid." This is the Dunning-Kruger effect. And it explains why the most confident people are often the least competent. "This helps explain why the world is why it is. Often the people in power are stupid. They don't know they're stupid. They were confident." Can poor kids escape? "Yes. But it means leaving your community. You have to be extremely individualistic. Very ambitious. High risk tolerance. Most people don't have that." The professor is one of them. "I'm a poor kid who succeeded. My father was a dishwasher. But I left Canada for the United States. I got lucky." "You can work as hard as you want, but the chances are against you. It takes luck. And that's often the exception to the rule, not the rule itself." Here's what he wants you to understand: When we see differences in success, our default explanation is differences in ability or effort. We forget that a poor kid eating the marshmallow isn't weak. He's learned that waiting doesn't pay. We forget that a poor kid giving up isn't lazy. He's learned that no one's coming to help. We refuse to admit that the traits we associate with success are products of environment, not causes of it. The marshmallow test is about measuring childhood, not measuring character.

Jaynit

291,424 views • 3 months ago

You earn a high salary. You are smart. You think this means you should pick your own stocks. You are wrong. The skill that makes you rich in your profession is not the skill that makes you rich in the markets. Let me help resolve your dilemma - mutual fund or stocks? • Time Fallacy Rajiv Thakkar makes a brilliant point. If you earn 50 lakhs or 1 crore a year your time has a specific hourly rate. Spending 20 hours a week analysing balance sheets to beat the index by 2 % is a loss making activity. You are effectively working for minimum wage in your second job as a fund manager. • Information Asymmetry You are competing against machines and teams of analysts who track businesses 24x7. They know the management. You may read a quarterly report 3 days after it is published. • Psychological Cost Direct stock picking requires an iron stomach. Can you handle a 40 % drawdown in your portfolio while also have an argument with your boss at work. Most professionals panic sell at the bottom because they cannot manage the stress of two high pressure environments simultaneously. • Here is why I although a professional but still invest directly in stocks :- • Investing is like hobby to me • I enjoy reading annual reports on a Sunday afternoon (and it doesn’t feel like work). • I enjoy finance & human psychology books. • I understand valuations • I have seen bear markets and know I can handle them • I believe in compounding and understand that impact of even a 1% expense ratio on my portfolio over the long term • I can keep emotions away while investing - I don’t have FOMO seeing my old stock become a multibagger. Neither do I panic to see a stock down by 40% in my portfolio (infact Network 18 is a part of my portfolio and down by 40% right now) If you can’t stick to what I’ve mentioned above, you should know the mutual fund advantage:- A good mutual fund buys you leverage. You are hiring a specialised team for a fraction of the cost. They handle the volatility. They handle the rebalancing. You focus on your career where your primary cash flow is generated. Let the compounding happen in the background. And you can focus your mental energy on increasing your professional income. That is the highest ROI activity you can do.

Pilot Investor

75,851 views • 6 months ago

BREAKING : EXCLUSIVE🚨 EX-SENATOR & CONSTITUTIONAL EXPERT EXPOSE GLOBALIST WAR ON AUSTRALIA 🚨 🔴 Rod Culleton, former federal senator & founder of the Great Australian Party, joins forces with Darren Dickson, constitutional expert and founder of Constitution Watch. 🗣️ Their message? The Australian people are under siege — and it's time to take our nation back. 🔴 Rod exposes the truth: 🗣️ “Family farms are being destroyed. 20 million sheep killed. The Uniparty system is killing our way of life.” 🔴 Darren warns: 🗣️ “There is a constitutional void. Australians must understand their rights — or lose them forever.” 🔥 THIS ISN’T JUST ABOUT AUSTRALIA. THIS IS A GLOBAL FIGHT FOR SOVEREIGNTY 🔥 📢 WHAT THIS MEANS: ⚠️ The Net Zero cult is crippling rural communities across the world ⚠️ King Charles’ silence is deafening — and his WEF ties are alarming ⚠️ The attack on farmers is global — from Australia to the UK to the Netherlands ⚠️ The young global leaders are dismantling nations from within 💥 Rod and Darren are standing up when others stay silent. 💥 They are calling for constitutional reform, local control, and a return to true democracy. 🚨 THE PEOPLE MUST RISE — OR FACE A DYSTOPIAN FUTURE OF GLOBALIST CONTROL 🚨 🛡️ Join the fight. Support the Great Australian Party. Learn your rights at Constitution Watch. The election takes place on May 3rd. Get out and vote. Great Australian Party Constitution Watch Australia

Jim Ferguson

18,254 views • 1 year ago

MUST-WATCH: Macro Hedge Fund Founder Alfonso Peccatiello Reveals his Edge in Macro Trading Alfonso Pecatiello (former large global bank PM, founder of The Macro Compass & Palinuro Capital) breaks down how to create durable edge in macro investing and why concentration is the death of many fund managers. "You can hear from Druckenmiller and Soros about concentration — but you won't hear from the thousands of managers who went bankrupt trying the same approach." We cover: - Why bank reserves (QE "liquidity") have NO direct pipe to the S&P 500 - The real money creators: commercial banks & government deficits — not the Fed - Why the second derivative of money creation drives nominal growth & asset prices - How to run 40-50 ideas/year & arrive at 10-12 truly independent bets - The "Trump error term": modeling exogenous volatility injections - The handbrake rule: when models fail, cut risk (the math of negative compounding destroys you) - Launching Palinuro with zero GP stakes & why 80% of funds fail in year 1-5 Thanks to Alf (Alf) for pulling back the curtain on finding edge in macro trading and the unglamorous reality of fund building. Highlights: 00:00 Understanding Money Creation and Strict Process as a Macro Edge 04:21 Commercial Banks and Government Deficits Drive Real Money Creation 12:52 Why Diversification and Risk Parity Beat Concentrated Bets 19:30 Using the "Handbrake" to Cut Risk During Black Swan Events 27:47 Why Factor Neutral Mandates Don't Make Sense for Macro Investors 32:22 The Underestimated Challenges of Building a Macro Hedge Fund 43:20 Passion, Delegation, and the Grinder Mentality for Fund Founders 52:13 The High Probability of Failure and Necessary Financial Runway 56:58 Building an Empathetic Team Through Intentional Hiring Frameworks 1:02:11 Why Communication Skills Are Crucial for Success in Finance

Ethan Kho

77,233 views • 5 months ago

INTRODUCTION TO THE STOCK MARKET The stock market is a place where individuals and institutions buy and sell ownership in companies (called shares or stocks). When you buy a share, you’re essentially buying a small piece of that company and participating in its growth, profits, and risks. People invest in the stock market to grow wealth over time, earn dividends, protect against inflation, and build long-term financial security. Unlike short-term trading, investing focuses on patience, discipline, and owning quality businesses. --- INTRODUCTION TO THE NIGERIAN STOCK MARKET (NGX) The Nigerian Exchange Group (NGX) is Nigeria’s official stock exchange, where publicly listed Nigerian companies trade their shares. It hosts banks, telecoms, industrial firms, consumer goods companies, oil & gas firms, and more. Through the NGX, everyday Nigerians can own parts of companies like banks, manufacturing firms, telecom operators, and other major businesses driving the economy. Returns come from: Capital appreciation (share price increases) Dividends (cash payouts from profits) The NGX is regulated, structured, and accessible to both local and foreign investors through licensed platforms. --- HOW TO GET STARTED INVESTING IN NGX (TWO SIMPLE WAYS) Today, you don’t need to walk into a stockbroking office. You can get started fully online using digital investment platforms. Below are two popular and easy options that I personally use; --- 1) GETTING STARTED WITH BAMBOO Bamboo Bamboo is a digital investment app that allows Nigerians to invest in Nigerian stocks (NGX) and foreign stocks. Steps to get started: 1. Download the Bamboo app from the App Store or Google Play. 2. Create an account with your email and phone number. 3. Complete KYC verification Input your BVN Provide personal details 4. Fund your wallet via bank transfer. 5. Search for Nigerian stocks listed on NGX and place your first buy order. 👉 Referral code: ngxinvestor Bamboo is beginner-friendly and suitable for people who want a simple interface and access to both local and global markets. When done with registration to buy stocks on Bamboo,select the " Invest " icon on the bottom part of the screen,you will see that you can invest in USD or Naira assets,click on Naira,then select NG stocks,search for the stock of your choice and buy --- 2) GETTING STARTED WITH I-INVEST i-invest I-Invest is an official platform that allows Nigerians to invest in Nigerian stocks, Commercial Papers,Mutual Funds,USD Bonds etc... Steps to get started: 1. Visit the I-Invest website or download the app on App Store or Google Play. 2. Create an account 3. Complete required KYC documentation: BVN Valid ID Bank details Proof of Address etc... 4. Fund your account. 5. Start buying NGX-listed stocks directly through the app. 👉 Referral code: 22406 I-Invest is ideal for investors who want more Investment options because you can also invest in fixed deposit notes, commercial papers,USD Bonds ,life insurance etc.. After registration to buy shares ,click on " Invest " then select " Equities " ,then search the company of your choice then select "buy equities" --- FINAL NOTES FOR BEGINNERS Start small and grow with experience. Focus on learning before chasing quick profits. Invest in businesses you understand. Think long-term, not overnight success. The most important step is starting — clarity and confidence come with time and consistency. The first video is for bamboo Bamboo The second video is for I-Invest i-invest Please if anyone has any more questions please comment and I'll try to reply,and if you can DM I'll appreciate if you guys can use my referral codes

Emmanuel Essien

20,432 views • 7 months ago

🚨OPEN LETTER: Why We MUST Keep The Gruesome Charlie Kirk Videos UNCENSORED I get it: These clips are brutal, heart-wrenching, & tough to stomach. No one wants to relive the horror, especially shielding Charlie's young kids & wife from the pain—it's a parent's nightmare, & my heart breaks for them. But hear me out: Even Donald Trump Jr., who spoke to Charlie daily for a decade, agrees in today's Megyn Kelly interview: "It was brutal to watch, but I think we have to watch it... to understand what they're capable of... If they'll try to take out a sitting president... successfully take out Charlie Kirk... you think they're not coming for you eventually?" Don Jr. echoes what Charlie himself lived by—cameras as protection: "The greatest protection I have is cameras. We record all of it so people can see these ideas collide. When people stop talking, that's when you get violence." Charlie founded Turning Point to spark tough conversations on 1,000+ campuses, unafraid despite assaults & threats. He'd want these videos out to expose what radicals resort to when ideas "collide"—cold-blooded assassination in front of thousands, just for dialogue. We didn't censor Trump's attempt, JFK's graphic footage, or 9/11 horrors—we show them yearly to REMEMBER, so history doesn't repeat. Forgetting dooms us! This is NATIONAL NEWS: It reveals the depraved political climate, toxic left rhetoric's deadly end, & our crisis. Adults MUST see to wake up normies, red-pill youth, stay engaged from president to dog catcher, & band together unafraid. Don't let them silence us—that's why they do this! Charlie's legacy: Be outspoken, unified, continue the fight. He'd be proud if this turns the tide. Stop pushing personal feelings—truth saves lives. OPEN LETTER TO: Anna Paulina Luna Elon Musk X SHARE AND TAGE THEM IF YOU AGREE...

Project Constitution

56,907 views • 10 months ago

Peter Lynch, the man who turned $20 million into $14 billion running Fidelity's Magellan Fund, averaging 29.2% annual returns for 13 straight years (Save this). And his most famous lesson is the simplest one: "Know what you own, and know why you own it." He's talking about something that happens every day, people spend hours researching which refrigerator to buy. They'll spend days hunting for the best airfare deal to save $50 then they'll hear a stock tip on the bus and drop $10,000 on it without a second thought. "The reason I own this is the sucker is going up" Lynch said that's the actual answer he gets when he presses most investors on why they own a stock and that, he says, is not a reason. His test is brutal and simple, if you can't explain to a 10 year old in two minutes or less why you own a stock, you shouldn't own it because if you don't understand the business, you have no idea when to hold, when to add, or when to sell. You're just riding price movement blind. This is why most retail investors lose money not because they pick bad stocks but because they panic out of good ones during normal volatility. When you don't understand why you own something, every 10% dip feels like a reason to sell. Lynch built his entire career on the opposite approach, find simple businesses, understand exactly what they do, know why they'll be worth more in five years, and hold with conviction while everyone else panics. The most important thing isn't your stock screener or your price target but rather being able to look at what you own and say, I understand this, I know why it goes up, and I can handle it going down 30% without losing my mind.

StockMarket.News

170,010 views • 2 months ago

WOW 🚨 Idaho Farmland Water Shutoff “Coincidence” Hidden in the Ukraine Bill was funding for cobalt mining in America. Over 200 politicians invested in this company mining cobalt. The Department of Defense gave that company $15 million out of the Ukraine bill to mine in IDAHO What are the odds?!? “So y'all might wanna put your helmets on for this one, seatbelt something. This is crazy stuff people. So just so I don't get this video doesn't get deleted. This is for entertainment purposes only. Everybody should do your own homework. I'll tell you where to go. But I made a video a couple of days ago about the water issue in Idaho. Some people had reached out and said, Hey, do you know what's going on? I didn't know anything about it. I just made the video to see if anybody else knew. And holy cow. Thank you all the warriors out there that, you know, there's a lot of people that have been doing some homework on this for a long time. And so I've shared some stuff, I've reposted some stuff. There's a ton of information out there, but this is crazy people. So the DOD, Department of Defense, you Google this, DOD Invest in Cobalt, just Google that, and this will come up. Part of the, you know why all the politicians want to fund Ukraine, right? Or not, you know, many reasons, but. So one of the, in the last Ukraine budget, or whatever you call it, there was some money in there for cobalt mining in America. There's over 200 politicians or invested in Jervis on the stock market. 200 politicians have invested in that company. The Department of Defense gave Jervis $15 million out of the Ukraine bill to do this mine in Idaho. And that's not the only one. It's just happening all over the country for cobalt and lithium mining here in America. But it's hidden in an Ukraine bill. All the politicians or 200 of the politicians are all stockholders in the company that's getting the contracts. It's just the biggest damn scam you ever seen, man. I just, you know, they wonder why. They wonder why the conspiracy theories get started. And it's because they just don't tell the truth. — I think it was 6.5 million chickens were put to death in Idaho real recent because of the bird flu. And it just seems like if there's a land grab, if the plan is, hey, we wanna take a million acres of Idaho and dig a big giant crater in the ground and mine lithium… Just put that on the table for the local state level people to vote on. You know, they just don't think we can handle the truth. They create the conspiracy theories and then they criticize you for believing in conspiracy theories and they censor stuff on these social media sites because they say it's misinformation. We wouldn't go digging for this stuff if they just tell the truth. It's mind boggling to me. But look up, just type in Google, DOD investing cobalt and you'll see what's going on in Idaho and the companies behind it. And then Google that company on who the investors are. Over 200 of them are politicians. Crazy, crazy, crazy world. I don't know how, but we gotta turn this thing on its head somehow. And we gotta know what we're dealing with. Can't fix anything if you don't know what's going on, right?“

Wall Street Apes

812,196 views • 2 years ago

THE GAME IS RIGGED AND NOBODY SEEMS TO NOTICE They own everything. They own all the important land. Well, we know what they want. They want more for themselves and less for everybody else. But I'll tell you what they don't want. They don't want a population of citizens capable of critical thinking. They don't want well-informed, well-educated people capable of critical thinking. They're not interested in that. That doesn't help them. That's against their interest. That's right. They don't want people who are smart enough to sit around the kitchen table to figure out how badly they're getting fucked by a system that threw them overboard 30 fucking years ago. They don't want that. You know what they want? They want obedient workers. Obedient workers. People who are just smart enough to run the machines and do the paperwork and just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime, and the vanishing pension that disappears the minute you go to collect it. And now they're coming for your Social Security money. They want your fucking retirement money. They want it back. So they can give it to their criminal friends on Wall Street. And you know something? They'll get it. They'll get it all from you sooner or later. Because they own this fucking place. It's a big club. And you ain't in it. You and I are not in the big club. By the way, it's the same big club they used to beat you over the head with all day long when they tell you what to believe. All day long, beating you over the head in their media, telling you what to believe, what to think, and what to buy. The table is tilted, folks. The game is rigged. And nobody seems to notice. Nobody seems to care. Good, honest, hard-working people. White collar, blue collar, doesn't matter what colour shirt you have on. Good, honest, hard-working people continue. These are people of modest means. Continue to elect these rich cocksuckers who don't give a fuck about them. They don't give a fuck about you. They don't give a fuck about you. They don't care about you at all. At all. At all. And nobody seems to notice. Nobody seems to care. That's what the owners count on. The fact that Americans will probably remain wilfully ignorant of the big red, white, and blue dick that's being jammed up their arseholes every day. Because the owners of this country know the truth. It's called the American dream. Because you have to be asleep to believe it. ~ George Carlin ✨🙌🏾💫

🧬Maxpein🧬

56,148 views • 4 months ago

EXCLUSIVE: G. EDWARD GRIFFIN EXPOSES THE NEW PSYOP! - From Iran War To Civil War 2.0 Josh Sigurdson talks with G. Edward Griffin about the vast psychological campaign we're witnessing on both the left and the right as people throw principles to the wind in favor of temporary political satisfaction as the world order is built like prison walls around us. It seems like yesterday that the vast majority of people opposed war, speech restrictions, anti gun rhetoric and militarized police. It seems like yesterday because it truly wasn't that long ago. Now, many of those same people have fallen into the trap laid by the media and government and now love war if it's with Iran or Venezuela. If someone supports ideas they don't like, unprecedented militarized police state powers and mass surveillance is suddenly okay. Two wrongs don't make a right. This is something most of us learned when we were toddlers. Now, we are told if we oppose the CIA doing regime change, we must love that regime. If we don't want a police state, we must love mass migration. These people think the only way to stop the problems the state created are by using that very state. In this video, G. Edward Griffin eviscerates this ideological void and explains "who or what really controls the world?" He talks about the fall of the current world order and the introduction of the new. He talks about the tyranny of convenience with the incoming global technocracy and he also breaks down the idea of "pragmatism" in today's order. Mr. Griffin has been exposing that which lay in the shadows for over 65 years and it's important people today listen to his consistent insights. We don't have to swim in negativity, however we cannot blind ourselves to the world around us either. Stay tuned for more from WAM! See some links mentioned below! See ALL links mentioned at World Alternative Media on Rumble or BitChute! #news #politics #iranwar #iran #venezuela #psyop #civilwar #ww3 #truth #technocracy #greatreset #gedwardgriffin #joshsigurdson #WAM G. Edward Griffin

World Alternative Media

11,627 views • 5 months ago

I might loose some followers on this… But this is how I treat my portfolio: Like a mf psychopath…… I just sold $TE at almost breakeven. Could see it running to $6.18 or $5.19. depending on how it closes today. I REALLY like $TE. I’m super bullish on energy/power demand. BUT… no matter what argument, I cannot defend 16% allocated to $TE when they just fired their CAO right before earnings with zero explanation. I’m not buying the “we’re getting a better one” argument. This excuse has been used for 20 years while *files* keep building up. How did that work? Most important lesson in life: money talks. People will do almost anything for enough money. In hindsight of what files are circulating these days, fraud seems like nothing. I know this is contrarian. And I also KNOW there’s no proof of it. But this is EXACTLY why it’s critical to have hard rules for your investments. The RISK is on YOU. The reason I watch my portfolio like a psychopath? To minimize loss. To minimize risk. I’m not betting my hard-earned money. I will NEVER invest in companies with: > Lack of communication > Lack of transparency > Lack of trust I can live with debt. I can live with execution risk. But when management starts shutting out investors or goes radio silent? Just before earnings… That’s the biggest RED FLAG to me. We live in 2026. It takes a CEO 5 minutes to post an update on X or record a video. And no, I don’t buy the CEO is busy either. I manage people myself everyday. It comes down to priorities. It’s not good enough for me. I wish all my fellow $TE the best luck! I sincerely mean that and pray that you all get rich and I’m mistaken 🫶 I’m out. Watching to re-enter $NBIS or $KRKNF now.

Black Panther Capital

71,384 views • 5 months ago

BREAKING: Elon Musk is about to force everyone in America to buy SpaceX stock. Even if you don't want to, you will own something of it. And the three biggest pension funds in the country are trying to stop him. Here's why... On Wednesday, three of the largest public pension systems in the United States sent Elon Musk a letter. New York State Comptroller Thomas DiNapoli. New York City Comptroller Mark Levine. CalPERS CEO Marcie Frost. Together, they oversee more than $1 trillion in retirement assets for teachers, firefighters, nurses, and public workers. They asked Musk to scrap the governance structure SpaceX is planning to use for its IPO. Their exact words: it would constitute "the most management-favorable governance structure ever" at this scale. Here's what's actually in the filing. SpaceX is targeting a $1.75 trillion valuation. It plans to raise $75 billion. That makes it the largest IPO in human history. Bigger than Saudi Aramco. Roughly the size of the entire GDP of South Korea. Twenty-one investment banks have been assembled to underwrite it. The target listing month is June. Now look at the share structure. There are two classes of stock. Class A is what gets sold to the public. One vote per share. Class B is held by Musk and a handful of insiders. Ten votes per share. Musk owns 42.5% of the equity. He controls 83.8% of the voting power. After the IPO, he keeps more than 50% of voting control. The only person who can fire Elon Musk from SpaceX is Elon Musk. Then there's the litigation structure. SpaceX reincorporated in Texas. New Texas laws say shareholders must hold up to 3% of outstanding stock to pursue derivative lawsuits. At a $1.75 trillion valuation, that's $52.5 billion in holdings. This is the package. All of it, in one IPO. Voting locked. Courthouse locked. Boardroom locked. And here's the part that should stop every retail investor reading this. SpaceX has applied for early inclusion in the Nasdaq 100. That means as soon as the listing clears, every passive index fund that tracks the Nasdaq 100 has to buy the stock. Every S&P 500 fund that picks it up has to buy the stock. Every target-date retirement fund that holds those indexes has to buy the stock. Every 401k allocation that defaults to "diversified index exposure" has to buy the stock. The American Federation of Teachers, whose members participate in retirement funds worth roughly $3 trillion in assets, has already filed a formal objection. Their argument is that index rules will "force" their members to invest in SpaceX at a proportion that has nothing to do with the company's fundamentals. You will own SpaceX through your 401k. You will own SpaceX through your pension. You will own SpaceX through your index fund. This is the structural innovation of the whole deal. Most IPOs ask you to buy the stock. This one is engineered so you buy it whether you ask to or not. That's why the pension funds are panicking. They wrote the letter because that's the only lever they have left. Now zoom out. The wealthy have always understood something most retail investors haven't. Passive investing is not neutral. When you buy an index fund, you're not making a neutral bet on America. You're buying whatever the index committee decides to admit. In whatever weight they decide to assign. SpaceX is the best example yet. It's about to land in millions of retirement accounts in June. Whether anyone asked for it or not. The lesson is not "don't buy SpaceX." The decision has been made. The lesson is to actually look at what you own. They picked the default 401k option years ago and never looked again. They think they own "the market." They actually own a committee's decision about what the market should be. The wealthy don't operate that way, they know exactly what they own. They build deliberate, rules-based allocations. Not because they're smarter. Because they decided a long time ago that owning something by accident is not the same as owning it on purpose. The question is which group you want to be in. Surmount was built for the second one. Rules-based strategies you actually pick....

Logan Weaver

15,945 views • 2 months ago