The number of millionaires was 12% in 2019 & probably hit 20% since the inflation of 2021-2022 began.  1 in every 5 animals you see every day is now a millionaire but the median net worth is still probably just $200,000.  Lions pondered how median net worth could be so low.

Most millennials accumulated over $1 million by age 40, but houses are well over $2 million.  Most of them bought houses after 2020.  They put most of their wealth in a down payment, borrowed over $1 million, & had maybe a couple hundred thou as an emergency fund.  

Their net worth is calculated from equity - debt.  The recoverable value of their house isn't counted, so net worth amounts to just a couple hundred thou despite having over $1 million in equity.  Debt may not have any interest or risk like it did before quantitative easing, but it's still devastating to the numbers.

Lions don't care about the party affiliation.  All amerikans are social conservative economic liberal Hugo Chavez fans no matter what.  It's all about the flesh.

Interesting pivot back to the way the industry was before 2020. There were always remote workers but they had to be outstanding to earn the privilege. The converse was if you didn't want to work your ass off, you could just commute to the office so most people just commuted to the office & used it to justify slacking off.

He'll eventually hit a home run with twitter or sell it for what he paid by manipulating the valuation, the same way he did with bitcoin & Tesla, but Elon over the last 2 years has been less a shrewd business man as much as someone suffering from ADHD. Every quarter, he says he'll wrap up the latest thing & get back in 2 weeks, but then he always starts something else.