Essay We have caviar at home

i do philosophy of life and im poorer than these richguys. But I dont read their books, maybe theyre smart who knows

porco-dddio said:

i do philosophy of life and im poorer than these richguys. But I dont read their books, maybe theyre smart who knows

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They're not.
There's a reason people often call them reptilians. One of the prerequisites for absurd wealth accumulation is the inability to control the accumulation drive. They're primal creatures born into ideal circumstances whom people erroneously attribute competence to. It's all contingency.

Kyoree said:

Contrary to grindset wanna-be-billionaire bros, rich people let themselves give in to these expensive treats. There is no need for asceticism when they can justify these apparent excesses as positive for their mental health, confidence, and satisfaction. These are basically the equivalent of baths and spas for middle-class white women, but much more often and with less stress associated with spending resources on them.

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Driving a sportscar is mental illness. Nobody really cares about that other than car enthusiasts.

Kyoree said:

They're not.
There's a reason people often call them reptilians. One of the prerequisites for absurd wealth accumulation is the inability to control the accumulation drive. They're primal creatures born into ideal circumstances whom people erroneously attribute competence to. It's all contingency.

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Aristocrats think they're better than you. Aristocracy (from Ancient Greek ἀριστοκρατίᾱ (aristokratíā) 'rule of the best'.

Depresso said:

Driving a sportscar is mental illness. Nobody really cares about that other than car enthusiasts.


Aristocrats think they're better than you. Aristocracy (from Ancient Greek ἀριστοκρατίᾱ (aristokratíā) 'rule of the best'.

Serious - Do we even need the Elites?

First: What do you think the elites are? Do you see them on TV or are they invisible and secret? Who do you think they are? Second: Do you think we need the Elites? Will we always need them? Is it part of being human to need elites?

elysianfields.se

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Aristocracy as a philosophical concept is often misunderstood. I don't think there was ever anybody who understood it as just having money, though. Those are just people possessed by Mammon who are allowed to get to elite status because the modern age is so degenerate.

If anything, the aristocrats of today are neets and other "losers". Compare that to the aristocracy of Ancient Greece or royalties of Europe and you'll see how similar these archetypes of people are.

I sense some resentment.

It's not hard to accumulate wealth in America. If you have a credit score over 780, you can create an LLC and then get access to around 250k or more of business credit cards from a handful of banks that are zero interest for the first 12-18 months. You can then use that as seed capital to open a margin account and using specific low-risk trading strategies roll that up into 500k or more in the first year. Pay off the loans and repeat. Requires a bit of risk, initiative and self-control (otherwise you'll just gamble it all away and end up broke and in debt). But totally doable.

I never went this route, but had I known about it in my youth I might have. Many of the wealthy people I have crossed paths with had humble beginnings and are self made, without gem mines or family trusts to get them going. It is not hard to get a few million net worth if you have sufficient intellect and aptitude here. Can't say the same for the rest of the West though, seems like there's a lot more bureaucracy, taxation and less access to credit in most of Europe for example.

Those born into wealth really like to make things more difficult for the peasants, and so they end up in politics or NGOs where they can pull up the ladders.

Kyoree said:

Picture a rich kid with cravings for very rare caviar. His mom responds: "We have caviar at home." The caviar at home is slightly less rare.

This scenario sounds ludicrous, right?

We react like this because we're aware that rich people play by different rules. They're not constrained to common strategies for going through everyday life simply due to circumstance.
Built Made different

For example, waiting to eat something at home is the mindset of someone who grew up having to maximize limited resources. They forcefully learn delayed gratification and use it for survival, not for growth. The privileged person may also maximize resources and show delayed gratification, but in a completely different way. Their resources are something to use as an investment to make them multiply, instead of something to carefully guard lest they run dry.

Contrary to grindset wanna-be-billionaire bros, rich people let themselves give in to these expensive treats. There is no need for asceticism when they can justify these apparent excesses as positive for their mental health, confidence, and satisfaction. These are basically the equivalent of baths and spas for middle-class white women, but much more often and with less stress associated with spending resources on them.

Then you have the ability to leverage risks that a regular person will never come close to. You're probably familiar with the fabled trajectory of the perseverant person who never gave up and made it. It sounds nice until you realize those people had their small loans of a million dollars to work with. Others had families that owned emerald mines and were able to fund their ventures.

Just become a billionaire, bruh

A delusional tech bro might say you need to change your outlook to match theirs, but that's just a reversal. The privileged person's material condition created the life outlook that allows them to continue multiplying their resources, not the other way around.

Let's assume for a second that billionaires displayed genuine competence in some way. Yes, somehow having your file for bankruptcy six times was simply an exercise in determination. Using money to do a hostile takeover of companies was just a smart use of resources. Even so, regular people would never be able to take the risks to do these things. How do you expect to do B, C, and so on if you never had access to A?

There are some lucky few who are born into A. It's a contingency just like most things in life.

So why worry about it?

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People who make become rich aren't always on the "grind." Often, it's the classic "right place, right time." However, those with a million dollar loan have the funds to look for that "right place to be in." Plus they have the connections to know where to be and who to talk to. Hell, the fancy Ivy League school aren't for what they teach you. It's all about the connection you have by being there. This is why most woke fucks get in even though they have little to no skills which is shown when their show and movies come out and flop hard.

TL;DR Think of getting rich like going to the casino. Rich people have more to funds to drop and can stay longer to get that jackpot. (As well as able to get knowledge on what machine and table is hot.)

Kyoree said:

They're not.
There's a reason people often call them reptilians. One of the prerequisites for absurd wealth accumulation is the inability to control the accumulation drive. They're primal creatures born into ideal circumstances whom people erroneously attribute competence to. It's all contingency.

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My theory is rich people can be produced in mass.

I developed it when I was thinking why smart people arent rich. Its a known meme. I think is because wealth is a system function. Rich people are produced with mass approaches, so being smart or not isnt really the point.

So the question "why smart people arent rich if theyre so smart" is a wrong question.

The individual intelligence is required in my model, but it isnt necessary and shouldnt be too high.

porco-dddio said:

My theory is rich people can be produced in mass.

I developed it when I was thinking why smart people arent rich. Its a known meme. I think is because wealth is a system function. Rich people are produced with mass approaches, so being smart or not isnt really the point.

So the question "why smart people arent rich if theyre so smart" is a wrong question.

The individual intelligence is required in my model, but it isnt necessary and shouldnt be too high.

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Most self-made rich people are people willing to take a risk. As a result they're more likely to be in the "right place at the right time." As well as focus on things that will help with their chances. You can be the best at something but if no one knows you are and you can't prove that. You can't really capitalized off it. Where the person who is good but not the best says he is the best and can convince enough people. He will be able to charge for his status that people think he is. Even if it's not fully true.

To wealth is to gamble, and to gamble is to wealth.
I should've taken more risk back in 2018. Crypto is now dead and I regret not having invested more.

Shinrinken said:

Most self-made rich people are people willing to take a risk. As a result they're more likely to be in the "right place at the right time." As well as focus on things that will help with their chances. You can be the best at something but if no one knows you are and you can't prove that. You can't really capitalized off it. Where the person who is good but not the best says he is the best and can convince enough people. He will be able to charge for his status that people think he is. Even if it's not fully true.

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no they follow stable formulas and pathways to success built by institutions and never step outside their gated communities.

if they took risks, you would know one or 2 billionaires, but they are so cowardly and afraid of novelty they dont ever go outside their walled gardens, so as a result none of us meets them around, and they dont talk to us. unless they have to moralize us with false platitudes.

they are normies, simple as.

Kyoree said:

If anything, the aristocrats of today are neets and other "losers". Compare that to the aristocracy of Ancient Greece or royalties of Europe and you'll see how similar these archetypes of people are.

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This is very true, because there are no visas for neets. If you can support yourself without working, you should be able to move freely between countries, but such is not the case. Why? Because the local "aristocrats" see you as competition. So they only grant visas for wagies.

Wolfstorm said:

To wealth is to gamble, and to gamble is to wealth.
I should've taken more risk back in 2018. Crypto is now dead and I regret not having invested more.

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we mourn the opportunities missed but don't celebrate the pitfalls avoided

Wolfstorm said:

This is very true, because there are no visas for neets. If you can support yourself without working, you should be able to move freely between countries, but such is not the case. Why? Because the local "aristocrats" see you as competition. So they only grant visas for wagies.

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Let's go to Japan and eat ramen together
we're gathering a crew @cosmicx16 @ZZEBRA813

Wolfstorm said:

I should've taken more risk back in 2018. Crypto is now dead and I regret not having invested more.

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Gold/silver have likely bottomed last week and mining stocks are dirt cheap relative to their earnings. Another opportunity is oil producers and oil services, with buying opportunity later this summer or fall which should mark the bottom of the demand slump. A lot of people are going to become millionaires over the next 2-3 years from the commodity boom.

Wolfstorm said:

This is very true, because there are no visas for neets. If you can support yourself without working, you should be able to move freely between countries, but such is not the case. Why? Because the local "aristocrats" see you as competition. So they only grant visas for wagies.

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What about Digital Nomad visas?

porco-dddio said:

no they follow stable formulas and pathways to success built by institutions and never step outside their gated communities.

if they took risks, you would know one or 2 billionaires, but they are so cowardly and afraid of novelty they dont ever go outside their walled gardens, so as a result none of us meets them around, and they dont talk to us. unless they have to moralize us with false platitudes.

they are normies, simple as.

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You're poor because you're a porn addict.

Suigin Trismegistus said:

You're poor because you're a porn addict.

View attachment 18253

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You act like a vegan. Do you have friends? Or everyone avoids you because you propagate your beliefs too much?

porco-dddio said:

You act like a vegan. Do you have friends? Or everyone avoids you because you propagate your beliefs too much?

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You're conflating the low-class addiction of pornography consumption with the high-class lifestyle of consuming animal protein.

I'm an avid fan of beef dishes. You are a slave of your desires. We are not the same.

Suigin Trismegistus said:

You're conflating the low-class addiction of pornography consumption with the high-class lifestyle of consuming animal protein.

I'm an avid fan of beef dishes. You are a slave of your desires. We are not the same.

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No I was speaking of this annoying attitude of promoting vegan ethics. Or the repetition of the word "ethic" associated with nothing.

For example my brother is a chud, he repeats the word "ethic" he never opened a book about it. He says journalists are bad, but they do courses of ethics in school, and if you listen to a journalist he's always trying to justify his actions based on his lessons.

Perhaps you could say, the journalist bends ethics when it suits him, simply for convenience. But it's certainly true to say they are aware of the issues that come with having influence, and they oftentimes know their responsibility.

Grifters instead are unregulated scammers. And based on your messages I noticed you follow a lot of them. You also have that fanatical fervor, I call it "the vegan fever".
You spread you life of malnourished deprivation, and your beliefs in penis related topics that by your own admission are derived from horrible immoral scammers from social media.

My question is, don't you feel pathetic to have "spiritual" beliefs derived from YouTube? And secondly, your beliefs are related to touching your peepee, how can you not feel stupid?

porco-dddio said:

No I was speaking of this annoying attitude of promoting vegan ethics. Or the repetition of the word "ethic" associated with nothing.

For example my brother is a chud, he repeats the word "ethic" he never opened a book about it. He says journalists are bad, but they do courses of ethics in school, and if you listen to a journalist he's always trying to justify his actions based on his lessons.

Perhaps you could say, the journalist bends ethics when it suits him, simply for convenience. But it's certainly true to say they are aware of the issues that come with having influence, and they oftentimes know their responsibility.

Grifters instead are unregulated scammers. And based on your messages I noticed you follow a lot of them. You also have that fanatical fervor, I call it "the vegan fever".
You spread you life of malnourished deprivation, and your beliefs in penis related topics that by your own admission are derived from horrible immoral scammers from social media.

My question is, don't you feel pathetic to have "spiritual" beliefs derived from YouTube? And secondly, your beliefs are related to touching your peepee, how can you not feel stupid?

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I'm grow tired of your non-sequiturs. Begone.

Suigin Trismegistus said:

I'm grow tired of your non-sequiturs. Begone.

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Yes would be best for you to ignore me. If all you do is spam my life with your lowly eceleb worship, and you don't block me, then I will.

Even if this forum is small, I'm getting tired of your immorality

Suigin Trismegistus said:

I sense some resentment.

It's not hard to accumulate wealth in America. If you have a credit score over 780, you can create an LLC and then get access to around 250k or more of business credit cards from a handful of banks that are zero interest for the first 12-18 months. You can then use that as seed capital to open a margin account and using specific low-risk trading strategies roll that up into 500k or more in the first year. Pay off the loans and repeat. Requires a bit of risk, initiative and self-control (otherwise you'll just gamble it all away and end up broke and in debt). But totally doable.

I never went this route, but had I known about it in my youth I might have. Many of the wealthy people I have crossed paths with had humble beginnings and are self made, without gem mines or family trusts to get them going. It is not hard to get a few million net worth if you have sufficient intellect and aptitude here. Can't say the same for the rest of the West though, seems like there's a lot more bureaucracy, taxation and less access to credit in most of Europe for example.

Those born into wealth really like to make things more difficult for the peasants, and so they end up in politics or NGOs where they can pull up the ladders.

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I think you underestimate how hard it is to have a credit score >780, let alone everything else you mentioned for the average American (I assume Europeans have it a lot easier since they don't have to be worried about literally dying). Self-control alone doesn't change the fact that many jobs don't pay enough to live on, and some have to get a second job just to still live paycheck to paycheck.

I don't know if what you're proposing is all that doable. Most normies invest in a similar one with their 401ks, and they have to wait until they're boomer age to start reaping the rewards. And these are middle-class people with reasonably good jobs to allow them that investment. Paying back loans with what you're talking about kind of sounds like taking student loans, which is just another form of investment. I'll look into it a little more.

Kyoree said:

I think you underestimate how hard it is to have a credit score >780, let alone everything else you mentioned for the average American (I assume Europeans have it a lot easier since they don't have to be worried about literally dying). Self-control alone doesn't change the fact that many jobs don't pay enough to live on, and some have to get a second job just to still live paycheck to paycheck.

I don't know if what you're proposing is all that doable. Most normies invest in a similar one with their 401ks, and they have to wait until they're boomer age to start reaping the rewards. And these are middle-class people with reasonably good jobs to allow them that investment. Paying back loans with what you're talking about kind of sounds like taking student loans, which is just another form of investment. I'll look into it a little more.

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If you're starting from a clean slate, it's not that hard to build up credit fast with a couple of credit cards and some tricks. Just use the credit cards to buy what you would normally purchase and pay it off fully every month. Never pay any interest. Earn the cashback and points. If you don't have the discipline to do this, then you have no right to demand being wealthy.

Taking out business credit under an LLC means you're not nearly as liable if it doesn't work out and you're not able to pay it all back, it's no where near as risky as student loan debt. You'll probably want to set up the LLC as a "consulting business", but really you'll be doing trading with it and you will also use it to set up a margin account with a brokerage firm.

Yes, most of the masses invest in managed portfolios in their 401k or IRA as you say, because they were told that's the low risk way of building retirement, not realizing that if they had only spent time learning to invest and trade on their own they could cut that time down significantly.

The lower risk strategy I would use if I had 250k to trade with starting out would be by focusing on selling put options (cash/margin secured short puts) with 0.3 delta and expiration out 2-3 months as my bread and butter, which will generate immediate income. Using specific strategies and risk management in selling puts, it's totally possible to generate around 40% income per year, give or take. That's 100k. Could be harder in a serious bear market affecting a lot of different sectors, but in any other year it's doable. When selling put options, I'd probably want to close the trade after 50% profit or before ~20 days to expiration at less profit, allowing me to reopen the trade and really crank up the premiums I'm collecting.

However, I may identify some stocks where I actually want to hold the shares, so I'd sell put options with the goal of taking them to expiration and getting assigned, meaning I would acquire the shares at the strike price of the short put option. Then I'd run what's known as the wheel strategy, sell covered calls until assignment to generate even more income on the stock, then rinse and repeat. Sell puts -> acquire shares -> sell covered calls -> sell shares at profit.

With the money I would get from selling puts and covered calls every week/month, I would use that to buy deep ITM LEAPS with an 0.8 delta and lots of open interest/liquidity on stocks I've identified a good entry on to really leverage up and hopefully get some massive gains.

Doing all of this, particularily with the aid of LEAPS, you could potentially push this up to earning a full 100% or more per year off your initial starting capital. Requires some luck of course. If it's a bad year, and you start getting stopped out a lot, you would have to either run for the hills and/or rotate to a different sector (ie. if tech stocks are crashing, but gold miners or uranium miners are pumping, go where the money is flowing).

If your broker supports margin secured puts (this is ideal) then you don't have to leave as much cash sitting there to secure the puts, and instead can throw it in a money market ETF to generate 3-4% with monthly distributions and then pull it out if you're getting close to assignment on puts that are ITM. Some brokers will automatically give you yield for any cash just sitting there too.

It sounds complicated, and anyone wanting to do this would have to invest at least a few months of time into learning everything first, but the beauty of it all is there are websites and software you can use to backtest any options strategy before you put any real money up. And you can see for yourself that 40% profits is easy, and with some luck and smarts you can push it up higher.

newsincerity said:

we mourn the opportunities missed but don't celebrate the pitfalls avoided

Let's go to Japan and eat ramen together
we're gathering a crew @cosmicx16 @ZZEBRA813

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If i go it’s one way ticket. How to tourists neets fair in Japan?

porco-dddio said:

no they follow stable formulas and pathways to success built by institutions and never step outside their gated communities.

if they took risks, you would know one or 2 billionaires, but they are so cowardly and afraid of novelty they dont ever go outside their walled gardens, so as a result none of us meets them around, and they dont talk to us. unless they have to moralize us with false platitudes.

they are normies, simple as.

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You're showing you lack of knowledge on business. I am not saying they're godlike or have something most people don't have. I simply saying they were in the "right place and at the right time." However when you have the funds and time to always be looking for said place, you will have a better chance than someone who doing it as their second job while having kids and wife.

Shinrinken said:

You're showing you lack of knowledge on business. I am not saying they're godlike or have something most people don't have. I simply saying they were in the "right place and at the right time." However when you have the funds and time to always be looking for said place, you will have a better chance than someone who doing it as their second job while having kids and wife.

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my theory is the rich class can be mass spread and reproduced.

Try to narrate the priestly class using your model. "people at the right place in the right time" wouldnt explain how the priestly class forms. It would be nonsense. Classes arent formed randomly by random people being randomly in a place in a random time in a random family all random.