• Melvin_Ferd@lemmy.world
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      6 hours ago

      Its a human blind spot. A lot of people confuse wealth for intelligence. In lower socio-economic levels, succeeding involves a lot of intelligence. Its a fucking struggle. Lots of fish trying to eat each other and take what little resources we have. One fuck up and it’s all over. So anyone that is succeeding is also someone that with enough intelligence to foresee pitfalls and avoid them or escape with their wealth.

      Those values are used to evaluate the people at the top which are swimming in a whole different pond. The neopotism and safety nets built into the upper crust of society is not part of the calculation that a lot of people use to factor into how they see these people. They still apply the same dog eat dog mentality to the upper crust of society.

      • Pup Biru@aussie.zone
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        5 hours ago

        honestly wealth at any level requires luck… intelligence barely factors into it. it’s less that 1 fuck up and it’s all over, and more that 1 fuck up without someone to cover it up or bail you out and it’s all over… the wealthier you are, the bigger the fuck up before you or someone else can bail you out:

        poor? it’s an unexpected car issue

        rich? it’s that you fucked over literally an entire country for years on end in a very public way that gained you very little

      • Glide@lemmy.ca
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        4 hours ago

        A lot of people confuse wealth for intelligence.

        Smart people who make good products that people want will have the invisible hand distribute them wealth. Dumb people who make bad products that no one wants will go backrupt. This is the core philosophy behind why capitalism “works.” It is a system that conflates wealth with virtue, by design.

        You’re right to point out that it is incorrect logic, but no one is confusing anything. The entirety of our Western world is build around this idea and reinforces it to its people at every single opportunity. They’re making the judgements that they have been told are correct. Can we really say people are confused when they’re confidently acting exactly as they’ve been taught from birth?

    • LaLuzDelSol@lemmy.world
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      4 hours ago

      Look I don’t like Musk either but even starting off wealthy becoming the richest man in the world takes some doing. He was way ahead of the curve on reusable rockets and EVs and succeed there where a bunch of people failed. I think where he fails is when it comes to protecting his image and maintaining relationships. He’s a thin-skinned narcissist who thinks he’s humanity’s savoir and eventually that got to him.

  • rumba@lemmy.zip
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    4 hours ago

    Hard crash on the businesses, he sells whatever he has that’s worth good money (other, not his, companies stock) and buys a bunch of the destroyed stock. Promises to cede control, but continue funding. Tesla rebrands, becomes affordable and consumer friendly.

    I mean, there’s no way he would let all that happen. But he’s still sitting on an absolutely massive pile of money. If he had the balls to pull the rip cord he could sit right where he is for the rest of his life. He just doesn’t have it in him.

    • EchoSnail@lemmy.zip
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      3 hours ago

      If I had fuck you money I’d buy Mount Everest, use my boring company to build a fucking subway railcar tunnel escalator thing. And then build an evil lair on top of my Everest. Fill a moat with lava or some shit, and then never see people again.

      Id hollow out the mountain enough for artificial farms and then pay the local community filthy amounts of money to produce my food for me.

      Oh. And also, 20 million to whoever can make proton work 100% on ARM64 or create a compatibility layer for x86/64 for ARM.

    • Taleya@aussie.zone
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      4 hours ago

      It’s not fucking autism it’s the fact he’s a perpetually kholed dickhead

    • AllHailTheSheep@sh.itjust.works
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      5 hours ago

      why are we still using autistic as an insult in 2025?

      he may be moronic enough to burn it all down from the inside, but autism doesn’t have shit to do with it. I’m tired of people trying to use autism as an get out of jail free card for utter stupidity. autism has very little to do with intelligence levels, and even if it does, it’s the other way around according to most studies.

  • Underwaterbob@sh.itjust.works
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    7 hours ago

    The thing is, this turd burgler could lose millions a day for the rest of his life and still retire more well-off than just about anybody. When’s the last time a truly filthy rich person ended up in the gutter?

    • MrsDoyle@sh.itjust.works
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      5 hours ago

      That was my thought. I’ve never tried ketamine, but watching this clown dance through crises that would destroy a normal person makes me tempted to experiment.

  • plyth@feddit.org
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    7 hours ago

    Are people that stupid to overvalue Tesla that much for years or is somebody stabilizing the market rate? Somebody is playing 5D chess but it is not Musk.

    • ansiz@lemmy.world
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      7 hours ago

      It’s because so many institutional investors own Tesla stock. Most of the big hedge funds and that kind of thing. At least that’s what I’ve heard, but it makes sense to me.

      • ChickenLadyLovesLife@lemmy.world
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        7 hours ago

        I always assumed he was a moderately intelligent tech CEO until I saw a clip a few years ago where he was showing off the evolution of Starlink rockets and he referred to the piping and whatnot on the outside of the rockets as “the fiddly bits”.

        Unrelated, but he was also wearing a t-shirt that highlighted his noodle arms and his man boobs. You would think that somebody vain enough to get hair implants and plastic surgery would have enough sense to at least dress in a flattering manner.

        • pyre@lemmy.world
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          7 hours ago

          if you’ve seen his body you know there’s no fabric on this here earth that can flatter his troglodyte figure.

          he was always assumed to be somewhat smart by people who don’t know what he’s talking about. the moment he talks about anything you know you realize he’s full of shit. that’s why astronauts he idolized for example never bought his shit, even when he was at his peak of popularity.

          he’s the embodiment of “it’s better to stay silent and be thought a fool than open your mouth and remove all doubt”. he’s also the best counterargument to any idiot who thinks we live in a meritocratic system.

  • Kbobabob@lemmy.world
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    7 hours ago

    i don’t understand these figures

    Lost $300,000,000 with Trump Losing billions more by the day

  • GratefullyGodless@lemmy.world
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    15 hours ago

    Musk learned the hard way why other billionaires don’t get directly involved in politics, and buy politicians instead. That way they get what they want, but let the politicians take the heat for pushing through the billionaires agendas.

    The problem for Musk is that his ego wouldn’t allow him to sit quietly on the sidelines calling the shots. He had to prove how smart he was, and how he was the only one who could fix the government. Now, he’s pissed off almost everyone, has lost various large foreign contracts for his companies, drove sales of Tesla into the ground, and is watching Trump undo the “brilliant” governmental cost cutting that he did.

    And, his ego still won’t let it go, as now he’s suggested he’ll start his own political party. You just know the other billionaires are looking at him and going “What a dumbass!”

    • Taalnazi@lemmy.world
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      8 hours ago

      And still some dumb Americans will think:

      “Billionnaires got a lot of wealth, so they must know what they’re doing. Let them fix it.”

      When the actual answer is:

      “Billionnaires never once worked as much as we did. They got born with a fuckton of money. Let them eat cake.”

  • nomad@infosec.pub
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    14 hours ago

    Somehow nobody has mentioned the drugs? And obvious signs of mental illness? Obviously high functioning, but that does not make the decisions less nuts.

    Has anybody seen the Johnny Harris video on musk? It was all fun and games until the drugs came out to play.

    • Tilgare@lemmy.world
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      7 hours ago

      Yes, this. It may be drugs, it may be mental disorder, but what it CERTAINLY is is narcissism and megalomania.

      Just like every Trump voter who never thought it would happen to THEM when tornado relief was denied or they were deported or their farm was on the brink of financial collapse thanks to tariffs, Musk seems to have thought he was safe? That HE could control Trump? I knew getting these two megalomaniacs together like this would go badly, I’m just impressed it lasted so long honestly.