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This is a suicide posts about an entrepreneur who failed and is going thru certain twitter communities.
https://twitter.com/smb_attorney/status/1720486539325587858?s=46&t=aQ6ajj220jubjU7-o3SuWQ
https://twitter.com/moseskagan/status/1720231141826015303?s=46&t=aQ6ajj220jubjU7-o3SuWQ
https://twitter.com/moseskagan/status/1720232058109469137?s=46&t=aQ6ajj220jubjU7-o3SuWQ
A few thoughts.
Yes business owners do kill themselves when their business fails. Capitalism does have brutal aspects.
I laugh when the one guy posts go talk to a therapists here’s the suicide prevention helpline. When your business is failing your issues are not lefty mental health. Your dealing with a real issue of not being able to provide for your family and seeing all your dreams disappear. It’s one of the most emasculating things that can happen to someone especially someone who is use to being able to handle stuff
He shouldn’t have killed himself. I’d assume he could have found some consulting or being an employee for a bit gig.
Society has very little tolerance for failed men. After the fact everyone will say he showed some signs and should have helped out. When you are failing you have the stench of failure and people honestly try to run away from you.
I know someone whose dad killed themselves so when there business failed. I always thought the lefts argument that rioting and looting isn’t damaging was false. Being able to provide for your family is life and it’s something men take very personality.
Females somehow survive with nothing. Not sure how but realistically society is far kinder to widowed mothers.
yeah this is why if you have a decent net-worth, just park it in tech stocks (like QQQ or maybe add some leverage to the mix) and get a nice 20-40% yoy return. Or maybe real estate. No need to take the extra risk with high rate of failure with small biz or start-ups. For every Facebook, there are many failures. Entrepreneurship so expensive, too much failure, and too much work.
I almost want to asks if your joking.
If you did any leverage on tech stocks especially the best performers this year then last year 2022 your bankrupt especially since you mention Facebook.
It traded $92 last November. Even unlevered your feeling poor. Any even modest leverage and your bankrupt on that move. Tech was absolutely trash in the markets a year ago.
I agree if you can get that job that something at one of the big techs offers a nice comfortable salary. But everyone else in capitalism always has a bit of failure risks which is my main point that the rich people have always faced a brutal failure at some point.
If your a high IQ guy taking risks the best advice is to find some doctor to marry with stability.
Hard to read this post re: grammar errors but the numbers don't back what you think is happening in the market.
https://finance.yahoo.com/quote/QQQ
The highest QQQ ever was is 392, it's currently at 362. It's impossible to go bankrupt on this stuff
Here's Meta specifically: https://finance.yahoo.com/quote/META
Where are you going bankrupt and not making a comfortable profit over a 15 year period like every other investor?
Your not going bankrupt on a move from 370 to 92 which happened in last 5 years if you have any leverage.
I don't mean to be antagonistic but I cannot understand the points you're trying to make.
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