superrific
Legend of ZZL
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That's true of hedge funds too. Ken Griffin worked really, really hard and his hedge fund performed well and now he's worth like $20B. And that's money sitting in the hands of an asshole.The market sets the price.
It's true of bitcoin too. We've got a bunch of bitcoin millionaires (and I'm guessing a few billionaires even after SBF and CZ went down) who think they are really smart because "line goes up."
Athletes (and pop stars, for that matter) tend not to be educated. They're too busy playing ball, which is how they get to be superstars. Should it worry us if we have a class of billionaire or near-billionaire athletes who control way more resources than they really know what to do with? And again, the problem (ironically) is even worse in Europe. Virtually every Premier League team (well, the not-poor ones) has at least a player or two making $15-20M and barely playing. And guys like Ronaldo and Messi get paid a lot, and they are not very nice people. Ronaldo was estimated by Forbes to be a billionaire and one would imagine Messi is not far behind.
And Neymar is an extraordinary asshole -- a rich, entitled, fascist, tax-cheating POS.