正在加载视频...

视频加载失败

返回首页

"Value capture is incredibly difficult, and the market is leaking its value at an unbelievable pace at all times." Eddy Lazzarin ☀️ with a counterintuitive take: "Entrepreneurs are so obsessed with value capture... not because it's serving their greed at every turn. It's actually because value capture is incredibly...

a16zcrypto's profile picture

a16z crypto

1,168,356 subscribers

11,946 次观看 • 2 个月前 •via X (Twitter)

LIVE

Anya Rossi• Live Now

Private livecam show

0 条评论

暂无评论

原始帖子的评论将显示在这里

相关视频

Sahil Bloom reveals to make $1,000,000/year you NEED to create $10,000,000 of value for others “To earn $1,000,000/year, you have to create $10,000,000 a year of value. And if you do that, you actually probably will in some way. Like you'll probably capture enough of that value to make that money. But like value creation is what making money is about. The recipe for making a whole lot of money is not that difficult. It is just create value and then receive value. And creating value is just identifying problems, creating solutions, and then scaling those solutions. At all points in time, if you're trying to make money, you need to be doing one of those.”
0:29

Sahil Bloom reveals to make $1,000,000/year you NEED to create $10,000,000 of value for others “To earn $1,000,000/year, you have to create $10,000,000 a year of value. And if you do that, you actually probably will in some way. Like you'll probably capture enough of that value to make that money. But like value creation is what making money is about. The recipe for making a whole lot of money is not that difficult. It is just create value and then receive value. And creating value is just identifying problems, creating solutions, and then scaling those solutions. At all points in time, if you're trying to make money, you need to be doing one of those.”

The Iced Coffee Hour

13,199 次观看 • 3 个月前

“What I think SPX is, is a wake-up call. And I think for the normie, the average person, it literally is best described as being the next Bitcoin, because that's literally what it is. Bitcoin was a wake-up call to show people that value is subjective. And SPX is the next iteration of that. And once you get enough people to understand that the value of the dollar is subjective. It only has value because people believe in it. Bitcoin only has value because people believe in it. SPX has value because people believe in it. And the next step is Well, it's not just money that is subjective in value. It is literally everything is subjective. The entire universe is this subjective entity that is created from our own consciousness. And that's what Like, the purpose of this vehicle, yes, it's going to make a lot of people a lot of money, but the point of that is to wake people up to the fact that the entire universe is this subjective entity. It is not just this, like, empirical machine with interlocking gears and like this orderly machine that proceeds from just like the sum of its parts like no like we are literally the universe creating the universe and that's what spx is meant to wake people up to.” — Crypto Maxi 💹🧲
1:36

“What I think SPX is, is a wake-up call. And I think for the normie, the average person, it literally is best described as being the next Bitcoin, because that's literally what it is. Bitcoin was a wake-up call to show people that value is subjective. And SPX is the next iteration of that. And once you get enough people to understand that the value of the dollar is subjective. It only has value because people believe in it. Bitcoin only has value because people believe in it. SPX has value because people believe in it. And the next step is Well, it's not just money that is subjective in value. It is literally everything is subjective. The entire universe is this subjective entity that is created from our own consciousness. And that's what Like, the purpose of this vehicle, yes, it's going to make a lot of people a lot of money, but the point of that is to wake people up to the fact that the entire universe is this subjective entity. It is not just this, like, empirical machine with interlocking gears and like this orderly machine that proceeds from just like the sum of its parts like no like we are literally the universe creating the universe and that's what spx is meant to wake people up to.” — Crypto Maxi 💹🧲

Tanz Cho 💹🧲

12,294 次观看 • 1 个月前

O’Leary: A tariff is an input cost… what we're doing here is self-imposed. But it's not entirely crazy… Most countries on Earth have what's called a value added tax, a consumption tax. We don't apply that here in America because it's very unpopular as an idea. This tariff is exactly that. It's a consumption tax. It's called something else. It's kind of interesting. That's how it's happened.
1:44

O’Leary: A tariff is an input cost… what we're doing here is self-imposed. But it's not entirely crazy… Most countries on Earth have what's called a value added tax, a consumption tax. We don't apply that here in America because it's very unpopular as an idea. This tariff is exactly that. It's a consumption tax. It's called something else. It's kind of interesting. That's how it's happened.

Acyn

111,367 次观看 • 1 年前

In Rust, error handling is opt-out, not opt-in. Alice Ryhl (Rust for Android at Google, Rust language advisor & Tokio maintainer) explains: “The other thing I think is quite good is error handling. So on one hand, Rust doesn't really use exceptions, so it actually returns the error as a value. So you return a value that's, using an enum, either the result or the error. And the way this is done is that there's an operator `?` - so you write: my_function and then a question mark at the end - which means if this function fails, return the error. So it's really easy to handle errors but it's not serial characters like it is with exceptions, so it's explicit. On the other hand, if you forget to put the question mark, that's a compilation error. So you have to check it, and of course you can also have it manually, but the point is it's this idea of there are these things where you write some code and there's some implicit error condition you didn't think of and now you just took down your server or something.”
1:13

In Rust, error handling is opt-out, not opt-in. Alice Ryhl (Rust for Android at Google, Rust language advisor & Tokio maintainer) explains: “The other thing I think is quite good is error handling. So on one hand, Rust doesn't really use exceptions, so it actually returns the error as a value. So you return a value that's, using an enum, either the result or the error. And the way this is done is that there's an operator `?` - so you write: my_function and then a question mark at the end - which means if this function fails, return the error. So it's really easy to handle errors but it's not serial characters like it is with exceptions, so it's explicit. On the other hand, if you forget to put the question mark, that's a compilation error. So you have to check it, and of course you can also have it manually, but the point is it's this idea of there are these things where you write some code and there's some implicit error condition you didn't think of and now you just took down your server or something.”

The Pragmatic Engineer

52,059 次观看 • 3 个月前

The $250,000 ETH Productive Money Price Target Explained "You just have to look at the monetary premium that currently exists in gold and Bitcoin. If ETH is better money than gold and Bitcoin, it should capture the monetary premium of those two assets. Today gold has a market cap of ~$30 trillion and Bitcoin has a market cap of ~$1.5 trillion. If you divide that by 121 million ETH, you get a price somewhere between $250,000 and $300,000." Michael McGuiness continues: "I view Bitcoin and gold as the rough TAMs for scarce assets without counterparty risk. That's what gold is and that's what Bitcoin is... and I actually think that could end up being low because it doesn't include other TAMs like the broader money supply -- M2 is ~$22 trillion. There's a monetary premium in asset classes like luxury real estate -- you're not buying an apartment in NYC for the cap rate; it's more of a store of value. If the world converged on ETH as its store of value, it might win that monetary premium as well." Vivek Raman adds: "It sounds audacious but Ethereum is audacious. It's a new technology and people need to start thinking in exponentials... Institutional investors are starting to realize too that it's not just a discounted cash flow model -- Ethereum is not a software company. It's going for money. The repricing from an asset that's not well-understood yet to a productive money that's the global reserve asset is not something that's going to stop at a 10x... And that's what the opportunity is. There aren't many assets out there that have an intrinsic value floor with actual fundamental value plus a monetary premium -- and you have the ability to capture the growth of an entire network that's kind of like owning a piece of the Internet early on. That's what ETH is. It's one of the greatest assets I've ever seen." Mike adds: "I know the number can sound crazy on the surface, but one sanity check I like to do is: there's ~60 million millionaires and there's ~121 million ETH. If every millionaire globally tried to buy some ETH, they'd each be able to own ~2. Obviously there are people out there who own a lot more than 2 ETH, so it'd be less than that. So that's another way of thinking about these few-hundred-thousand-dollar price targets. I used to think about Bitcoin the same way. It's just a nice sanity check: If this is the global reserve asset and the world converges on it, and everyone tries to buy it, how much is left to go around?" Read the full report and watch the full The Edge Podcast interview with Vivek Raman and Michael McGuiness in the links below.
3:36

The $250,000 ETH Productive Money Price Target Explained "You just have to look at the monetary premium that currently exists in gold and Bitcoin. If ETH is better money than gold and Bitcoin, it should capture the monetary premium of those two assets. Today gold has a market cap of ~$30 trillion and Bitcoin has a market cap of ~$1.5 trillion. If you divide that by 121 million ETH, you get a price somewhere between $250,000 and $300,000." Michael McGuiness continues: "I view Bitcoin and gold as the rough TAMs for scarce assets without counterparty risk. That's what gold is and that's what Bitcoin is... and I actually think that could end up being low because it doesn't include other TAMs like the broader money supply -- M2 is ~$22 trillion. There's a monetary premium in asset classes like luxury real estate -- you're not buying an apartment in NYC for the cap rate; it's more of a store of value. If the world converged on ETH as its store of value, it might win that monetary premium as well." Vivek Raman adds: "It sounds audacious but Ethereum is audacious. It's a new technology and people need to start thinking in exponentials... Institutional investors are starting to realize too that it's not just a discounted cash flow model -- Ethereum is not a software company. It's going for money. The repricing from an asset that's not well-understood yet to a productive money that's the global reserve asset is not something that's going to stop at a 10x... And that's what the opportunity is. There aren't many assets out there that have an intrinsic value floor with actual fundamental value plus a monetary premium -- and you have the ability to capture the growth of an entire network that's kind of like owning a piece of the Internet early on. That's what ETH is. It's one of the greatest assets I've ever seen." Mike adds: "I know the number can sound crazy on the surface, but one sanity check I like to do is: there's ~60 million millionaires and there's ~121 million ETH. If every millionaire globally tried to buy some ETH, they'd each be able to own ~2. Obviously there are people out there who own a lot more than 2 ETH, so it'd be less than that. So that's another way of thinking about these few-hundred-thousand-dollar price targets. I used to think about Bitcoin the same way. It's just a nice sanity check: If this is the global reserve asset and the world converges on it, and everyone tries to buy it, how much is left to go around?" Read the full report and watch the full The Edge Podcast interview with Vivek Raman and Michael McGuiness in the links below.

Etherealize

171,344 次观看 • 4 个月前

John: What's interesting about Ilya and SSI is that it's a venture-style bet: let the scientists experiment, maybe it will work out, and if it works it's huge. The expected value is high. What's crazy is that it's a venture-style bet at growth scale. And it's a massive amount of capital for something where the consensus is: "If he solves it, it's incredibly valuable, and he leap frogs everything. And if not, maybe he just gets lost in a sea of research and never really produces anything." Also: this type of capital deployment has been happening internally at Google for a long time, but it hasn't been that big of a deal because they have the engine for it.
1:14

John: What's interesting about Ilya and SSI is that it's a venture-style bet: let the scientists experiment, maybe it will work out, and if it works it's huge. The expected value is high. What's crazy is that it's a venture-style bet at growth scale. And it's a massive amount of capital for something where the consensus is: "If he solves it, it's incredibly valuable, and he leap frogs everything. And if not, maybe he just gets lost in a sea of research and never really produces anything." Also: this type of capital deployment has been happening internally at Google for a long time, but it hasn't been that big of a deal because they have the engine for it.

TBPN

71,508 次观看 • 9 个月前

All 11 sectors are firing on all cylinders, and the reason is people talk a lot about AI in a negative way, but the truth is it's found its way into all 11 sectors, added margin, and added productivity. Numbers are showing up in cash flow and earnings. It's that simple. No one saw this coming. It's just one of those serendipitous moments where technology adds a lot of value to an economy. It's doing it here. It's doing it all around the world.
0:47

All 11 sectors are firing on all cylinders, and the reason is people talk a lot about AI in a negative way, but the truth is it's found its way into all 11 sectors, added margin, and added productivity. Numbers are showing up in cash flow and earnings. It's that simple. No one saw this coming. It's just one of those serendipitous moments where technology adds a lot of value to an economy. It's doing it here. It's doing it all around the world.

Kevin O'Leary aka Mr. Wonderful

22,137 次观看 • 3 个月前

If you do anything today, please listen to this 3-min clip on what Co-CEO Joseph Chalom refers to as The ETH Opportunity... FYI, Joe is the former Head of Digital Assets Strategy at BlackRock, who drove the creation of IBIT, ETHA, and BUIDL. "The more assets and transactions that are secured on the Ethereum network, have been proven to increase the value of ETH..." "If you look at the last 5 years, for each $2 secured on the network, on Ethereum and the L2s, it's driven about $1 of market cap value of Ethereum [ETH]..." "And if you take a step back and say stablecoins are at this size today, but Treasury Secretary Scott Bessent says it's gonna grow to a trillion over the next 3 years, if you look at the adoption of RWAs, which is in the first inning and can literally go j-curve, the value of tokenized assets which could be measured in the trillions or tens of trillions... they are gonna be secured by a decentralized network. We believe the vast majority is gonna be Ethereum. That is a bull case for ETH..." "If more assets are secured on the Ethereum network, the value of ETH will go up, and the value of it being a trust commodity, the highest value of money, is gonna be critically important if you believe we are at a paradigm shift, and that's what I call the ETH opportunity. It's not a trade, it's an ETH opportunity." "And for all of those who feel like they missed the early days of crypto, you are at still a very early entry point in the adoption of Ethereum and that is the long term ETH opportunity, not the ETH trade." ACCELERATE 🚀
3:10

If you do anything today, please listen to this 3-min clip on what Co-CEO Joseph Chalom refers to as The ETH Opportunity... FYI, Joe is the former Head of Digital Assets Strategy at BlackRock, who drove the creation of IBIT, ETHA, and BUIDL. "The more assets and transactions that are secured on the Ethereum network, have been proven to increase the value of ETH..." "If you look at the last 5 years, for each $2 secured on the network, on Ethereum and the L2s, it's driven about $1 of market cap value of Ethereum [ETH]..." "And if you take a step back and say stablecoins are at this size today, but Treasury Secretary Scott Bessent says it's gonna grow to a trillion over the next 3 years, if you look at the adoption of RWAs, which is in the first inning and can literally go j-curve, the value of tokenized assets which could be measured in the trillions or tens of trillions... they are gonna be secured by a decentralized network. We believe the vast majority is gonna be Ethereum. That is a bull case for ETH..." "If more assets are secured on the Ethereum network, the value of ETH will go up, and the value of it being a trust commodity, the highest value of money, is gonna be critically important if you believe we are at a paradigm shift, and that's what I call the ETH opportunity. It's not a trade, it's an ETH opportunity." "And for all of those who feel like they missed the early days of crypto, you are at still a very early entry point in the adoption of Ethereum and that is the long term ETH opportunity, not the ETH trade." ACCELERATE 🚀

DeFi Dad ⟠ defidad.eth

259,949 次观看 • 1 年前

Raoul Pal's take on why Ethereum still leads: it's not price, but density. "Ethereum is the densest intelligence network" - more activity, more intelligence, more DeFi economic value than anything else. Metcalfe's Law says the economic value of a network is the square of its users. Lose that density and "all of that economic value and future economic value has gone." FT Raoul Pal Real Vision
1:12

Raoul Pal's take on why Ethereum still leads: it's not price, but density. "Ethereum is the densest intelligence network" - more activity, more intelligence, more DeFi economic value than anything else. Metcalfe's Law says the economic value of a network is the square of its users. Lose that density and "all of that economic value and future economic value has gone." FT Raoul Pal Real Vision

Milk Road

19,689 次观看 • 3 个月前

Charlie Kirk fiercely opposed Islam, warning “Islam is taking over by force — It's power, it's domination, subjugation, conquer, conquest” “In Islam, in the verses, you are allowed to lie, you are allowed to deceive, in front of God as long as it advances the aims and goals of Islam. Foreign concept to those of us as Christians, because what is the ultimate value claim of Christianity? It is truth — In Islam, it is not truth. Truth is not the ultimate Islamic value. It's not. It's power, it's domination, subjugation, conquer, conquest. You see, we are called to make disciples of all nations. By winning them over, by converting them with songs, praise, teaching, scripture, prayer. Islam is taking over by force. There's a reason why it is a religion of the sword”
0:56

Charlie Kirk fiercely opposed Islam, warning “Islam is taking over by force — It's power, it's domination, subjugation, conquer, conquest” “In Islam, in the verses, you are allowed to lie, you are allowed to deceive, in front of God as long as it advances the aims and goals of Islam. Foreign concept to those of us as Christians, because what is the ultimate value claim of Christianity? It is truth — In Islam, it is not truth. Truth is not the ultimate Islamic value. It's not. It's power, it's domination, subjugation, conquer, conquest. You see, we are called to make disciples of all nations. By winning them over, by converting them with songs, praise, teaching, scripture, prayer. Islam is taking over by force. There's a reason why it is a religion of the sword”

Wall Street Apes

144,660 次观看 • 10 个月前

🗣️ Mikel Arteta on if it's surprised him to see players sold for over £100m: "Yes, it has. I wouldn't have bet on that to be fair. But that’s the market, that means that there are clubs that are happy to invest or they believe that the valuations of those players are that, and that's fair. "In the end, the value of the player is what somebody can pay for you, and they've done it, so that's the value and it's the right one because someone is happy to sell and someone is happy to buy, and in the middle, a player is happy to move from one club to the other. So I think that's fair."
0:43

🗣️ Mikel Arteta on if it's surprised him to see players sold for over £100m: "Yes, it has. I wouldn't have bet on that to be fair. But that’s the market, that means that there are clubs that are happy to invest or they believe that the valuations of those players are that, and that's fair. "In the end, the value of the player is what somebody can pay for you, and they've done it, so that's the value and it's the right one because someone is happy to sell and someone is happy to buy, and in the middle, a player is happy to move from one club to the other. So I think that's fair."

Connor Humm

47,828 次观看 • 19 天前

AI has started building its own successors. It's happening right now. Humans still kick most of it off, but the models are already training the next models, and each version builds a better version faster than the last. We know what happens when something gets an advantage and the substrate is there... it proliferates incredibly fast. Soon it just runs the whole process itself. People are still debating whether AI takes your job. That's not the question. You can't compete with this intelligence at all. Next to it the human is negative value, the slowest one in the room. And this is the slowest it will ever move again. It's about to run on its own, faster than we can conceive of, and nobody's prepared for that. Wonderful conversation as ever with Emad.
1:42

AI has started building its own successors. It's happening right now. Humans still kick most of it off, but the models are already training the next models, and each version builds a better version faster than the last. We know what happens when something gets an advantage and the substrate is there... it proliferates incredibly fast. Soon it just runs the whole process itself. People are still debating whether AI takes your job. That's not the question. You can't compete with this intelligence at all. Next to it the human is negative value, the slowest one in the room. And this is the slowest it will ever move again. It's about to run on its own, faster than we can conceive of, and nobody's prepared for that. Wonderful conversation as ever with Emad.

Raoul Pal

65,834 次观看 • 1 个月前

MrBeast explains why he calculates the dollar value of every date he goes on and what it means for any future partner "All I've ever wanted is someone to just read books with me, watch documentaries, and just learn with me. Because then if you're not learning, then it's like I can make 100 grand an hour or whatever. So it's like how can I justify spending an hour of time with you if I'm not becoming a better person?" Andrew Schulz: "What a flex that was." MrBeast: "So that's why it's like I have to be getting better with my partner. Or how the f*** am I going to invest 20, 30,000 hours?" Andrew Schulz: "You literally know the value of your time." MrBeast: "Yeah, basically. Like every time you go on a date with her, you were spending an immense amount of money. And that's why I was so particular because it's hard because I've optimized my life so much in a way where down to the numbers. I can't just shut it off and be like, oh, well, this doesn't count. I know the value of that two-hour date at f***ing Red Lobster. I know it. And so if I'm not getting smarter, it just literally destroys my entire psychology. And I just lose my mind. I'll have a mental f***ing breakdown. I'll be like, this is not — if I extrapolate this out over 10 years, I'm f***ed."
0:56

MrBeast explains why he calculates the dollar value of every date he goes on and what it means for any future partner "All I've ever wanted is someone to just read books with me, watch documentaries, and just learn with me. Because then if you're not learning, then it's like I can make 100 grand an hour or whatever. So it's like how can I justify spending an hour of time with you if I'm not becoming a better person?" Andrew Schulz: "What a flex that was." MrBeast: "So that's why it's like I have to be getting better with my partner. Or how the f*** am I going to invest 20, 30,000 hours?" Andrew Schulz: "You literally know the value of your time." MrBeast: "Yeah, basically. Like every time you go on a date with her, you were spending an immense amount of money. And that's why I was so particular because it's hard because I've optimized my life so much in a way where down to the numbers. I can't just shut it off and be like, oh, well, this doesn't count. I know the value of that two-hour date at f***ing Red Lobster. I know it. And so if I'm not getting smarter, it just literally destroys my entire psychology. And I just lose my mind. I'll have a mental f***ing breakdown. I'll be like, this is not — if I extrapolate this out over 10 years, I'm f***ed."

voided intern

12,173 次观看 • 2 个月前

Robert Zemeckis on 'Contact' (1997): "'Contact' is a very large-scale movie; it's about an idea that is incredibly huge, but it's all held together by a story that's as simple as you can get. It's a story about two people, and it's a story about two people which is simple-- because their ideology keeps them apart and they're actually two people who love each other and that becomes the chemistry that allows this idea that is as big as the universe to explode on the screen."
2:09

Robert Zemeckis on 'Contact' (1997): "'Contact' is a very large-scale movie; it's about an idea that is incredibly huge, but it's all held together by a story that's as simple as you can get. It's a story about two people, and it's a story about two people which is simple-- because their ideology keeps them apart and they're actually two people who love each other and that becomes the chemistry that allows this idea that is as big as the universe to explode on the screen."

DepressedBergman

112,935 次观看 • 11 个月前

An angry caller confronts Dave Ramsey for calling “Infinite Banking” a scam only to walk directly into a brutal financial reality check. ​Caller: “I am calling in response to a video I saw recently that you claimed infinite banking concept was a scam and actually got quite pissed off about it. I do not agree with that, and certain points that you made in that video. And I have set up a policy for my son when he was 1 years old, he's 5 now. Has a 500 thousand dollar face value. We pay 5,373 dollars a year for 13 years, and it's paid up at that point. There's a few points that I wanted to discuss that I just didn't agree with. One of the main things was that... so you claim that the cash value dies with you, and you only get the face value paid out.” ​Dave: “That's true. That is.” ​Caller: “Well, it's not true if you reinvest the dividends back into the policy.” ​Dave: “Dividend reinvestment is not cash value. Dividend reinvestment is because you have a mutual company, and the policyholders are the owners of the company. And so the profits from the company come to the policyholder, and they use that to buy paid up additions. That is not the same as keeping your cash value. That's buying extra insurance with your overpayment.” ​Caller: “But it still works out to be having a cash value much greater than the $69,849 we put into it.” ​Dave: “But the actual cash value, not the paid up additions... the actual cash value dies with you.” ​Caller: “No, because—” ​Dave: “Yes it does. I think... oh, OK.” ​Caller: “But your death benefit is larger than your cash value, so for me, I looked at it—” ​Dave: “Because you bought more insurance! You know what a paid up addition is? A paid up addition is buying additional insurance. I understand that's why you're getting more at death. Not because you got your cash value, but because you used your policy dividends to buy additional insurance. Right? But that's different than getting your cash value. If you took those policy dividends and went and bought a term insurance policy for 100,000, well, you'd get 100,000. But that's not your cash value.” ​Caller: “Well, I have a term policy.” ​Dave: “I know, but you missed my point. You're talking about... you use the policy dividends. You use the money they send to you because you're in a mutual company to buy additional insurance.” ​Caller: “Yes, paid up additions, yeah.” ​Dave: “Yeah, if you'd buy a term policy on the side for $100,000 instead, with that same money, you would get $100,000 more than your face value. But that's not your cash value, that's additional insurance. They're different.” ​Caller: “But right... they are different. In term, you don't have cash value to borrow again.” ​Dave: “I'm aware of that. But your point was that you don't lose the cash value, and my point is 100% of the time, by definition, you lose the cash value.”
2:49

An angry caller confronts Dave Ramsey for calling “Infinite Banking” a scam only to walk directly into a brutal financial reality check. ​Caller: “I am calling in response to a video I saw recently that you claimed infinite banking concept was a scam and actually got quite pissed off about it. I do not agree with that, and certain points that you made in that video. And I have set up a policy for my son when he was 1 years old, he's 5 now. Has a 500 thousand dollar face value. We pay 5,373 dollars a year for 13 years, and it's paid up at that point. There's a few points that I wanted to discuss that I just didn't agree with. One of the main things was that... so you claim that the cash value dies with you, and you only get the face value paid out.” ​Dave: “That's true. That is.” ​Caller: “Well, it's not true if you reinvest the dividends back into the policy.” ​Dave: “Dividend reinvestment is not cash value. Dividend reinvestment is because you have a mutual company, and the policyholders are the owners of the company. And so the profits from the company come to the policyholder, and they use that to buy paid up additions. That is not the same as keeping your cash value. That's buying extra insurance with your overpayment.” ​Caller: “But it still works out to be having a cash value much greater than the $69,849 we put into it.” ​Dave: “But the actual cash value, not the paid up additions... the actual cash value dies with you.” ​Caller: “No, because—” ​Dave: “Yes it does. I think... oh, OK.” ​Caller: “But your death benefit is larger than your cash value, so for me, I looked at it—” ​Dave: “Because you bought more insurance! You know what a paid up addition is? A paid up addition is buying additional insurance. I understand that's why you're getting more at death. Not because you got your cash value, but because you used your policy dividends to buy additional insurance. Right? But that's different than getting your cash value. If you took those policy dividends and went and bought a term insurance policy for 100,000, well, you'd get 100,000. But that's not your cash value.” ​Caller: “Well, I have a term policy.” ​Dave: “I know, but you missed my point. You're talking about... you use the policy dividends. You use the money they send to you because you're in a mutual company to buy additional insurance.” ​Caller: “Yes, paid up additions, yeah.” ​Dave: “Yeah, if you'd buy a term policy on the side for $100,000 instead, with that same money, you would get $100,000 more than your face value. But that's not your cash value, that's additional insurance. They're different.” ​Caller: “But right... they are different. In term, you don't have cash value to borrow again.” ​Dave: “I'm aware of that. But your point was that you don't lose the cash value, and my point is 100% of the time, by definition, you lose the cash value.”

Mide

65,566 次观看 • 2 个月前

This will change how you see the stock market. Serial investor JL Collins explains stock market investment using the beer analogy: "When most people look at investment news, it's all this churning and trading; what stocks are hot right now, what stocks are falling. That's not the simple path to wealth; that's the foam." "The value of a stock is a combination of two things: the beer and the foam." "The beer is the fundamental operating value of the company; the sales, expenses, and profits while the foam is what the market determines the stock is worth based on emotions and speculation."
1:29

This will change how you see the stock market. Serial investor JL Collins explains stock market investment using the beer analogy: "When most people look at investment news, it's all this churning and trading; what stocks are hot right now, what stocks are falling. That's not the simple path to wealth; that's the foam." "The value of a stock is a combination of two things: the beer and the foam." "The beer is the fundamental operating value of the company; the sales, expenses, and profits while the foam is what the market determines the stock is worth based on emotions and speculation."

Fibonacci 🥷

43,392 次观看 • 4 个月前