snow white

 

 50 on camera.  20 on GPS.  Really fast after Sunday's 9 minute paced long run & going back to walking every other day.  It just takes a lot longer to get anywhere.

 

  Boy did AI make human labor expensive.  10 years ago, the headlines about twitter employees making $175k dropped.  Houses quickly surpassed $1M.  Now the headline employees are making $1M & 7 figure houses are starting to get rare.

 Those jobs are specifically for keeping up on the daily research papers & replicating every new trick being announced.

With the next leg of wage inflation underway, the guys draining their life savings on $2M houses in Marin county 2 years ago are rapidly being vindicated.  $2M is downright quaint now. Even with last year's high end of $400k, houses would easily top $4M.  10x house to income has been the normal ratio for so long, no-one has any memory of it ever being 4x.  It could easily become 20x without anyone noticing.

 

Taxpayers now on the hook for retirement assets in bitcoin that lose value, but at least the press conference was original.  

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Lions have noted 2 big trends:

RC flying has been replaced in popularity by general aviation.  Animals might be becoming rich enough that their time is better spent on the full size.

Taiwan is no longer making headlines.  Beijing is the new capital of innovation. 

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 Lions noted gootubers tend to stop disclosing their finances above $1M & willfully disclose their finances below $1M to the penny.  As far as inflation has progressed, the shutup point still seems to be $1-2M.  That's the point where modern civilization expects payback & everyone except the commenters goes silent. 

 Above $1M, Shelby Church, Techlead & Nischa Shah are the only ones to confirm they are in fact in the 2 comma club.  They don't say anything more specific.  Above $2M, they're all silent but some can be reverse engineered.  Dave Plummer & Ken Rockwell are over $8M.  Ross Guy is over $2M.  Manley Man is over $3M.  There's nothing on Kuhn, Azul, but it's pretty obvious they're over $2M based on their profession.  Then the superstars, Patey, Veritasium, Mr. beast, Neistat, Tom Scott, Linus are obviously into 8 figures & beyond & they don't say anything.

 Tempting to think Erintalksmoney is in the 2 comma club, but lions believe she's still somewhere in the 1 comma club.  She's a heavy investor in real estate & stonks out of necessity because a housewife married to a military man doesn't have enough money to feed a family.  It's possible as her gootube income has increased, she's diversified more into cash because the need for extreme returns & the risk has lessened.  More of the videos have focused on cash lately.

Despite the Dave Ramsey & FIRE hype of years ago, the gootube multimillionaires really appear to be more conservatively invested than the gootube thousandaires & most of it really has come from day jobs instead of investing.  The mane motivation for the 100% stonk portfolio has presented itself as necessity rather than passive income.  The thousandaires are all 100% in stonk because they have to get higher returns.  The multimillionaires are more conservatively invested because they don't need so much risk to survive.

None of them disclose their home equity. All the gootubers who are retired have home equity pushing them over $1M.  It's a key amount of money they had to earn, but engagement goes up the less they report.

Noted Techlead deleted all his Techlead Show videos, especially the ones about his child custody battle & the trips to Japan to pick up his son at school.   Even the mighty Techlead had limits to what he could get away with.

 As far as lion classmates are concerned, the wealthiest BYU graduate is Jeff Green at over $4B from online advertising.  Behind him is Ryan Smith at $1.5B from management consulting.  Then the usual suspects, Mitt Romney, Steve Young, T Boone Pickens were $100-$800M.  Most graduates are probably in the 80th percentile, $1-2M manely in home equity.  Patey & Jerryrig didn't go there.

 The BYU system typically consumes 15% of the chearch's annual income or $1B.  Lions never became rich but can't say the investment was wasted without being a piece of shit.