Smash Notes

Why Does A Thousand Dollars Fail As A Restart If You Can Already Promise A High Return?

A low cash balance is not a real restart once you can promise a high return. Either something catastrophic has happened and civilization has melted, in which case a thousand dollars is not gonna solve your problems, or people will still give money because a dollar comes back as much more than a dollar.

The Katie Miller Podcast · Elon Musk on DOGE, AI, & Are we in a Simulation? | KMP Ep.18 · at 46:20 · ·Transcript

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