From: Reason (reason@exratio.com)
Date: Sat Feb 16 2002 - 13:58:05 MST
> >this "The no-brainer strategy to becoming wealthy". It requires
> >taking $100-$1000 and depositing it in a savings account or
> >mutual fund and never withdrawing any funds from the account
> >until the annual increase in the account value exceeds what
> >one reasonably needs to live in the world. It is based on
> >the idea that it doesn't require sophisticated investment
> >strategies to become wealthy, it simply requires living long
> >enough.
> >
> >It would seem that Extropians/Transhumanists should be the first
> >to recognize the paradigm shift and adopt this strategy. But
> >I don't see any evidence that any of these individuals that I
> >know have done so. So the "interesting question" is "Why
> >is this the case?"
>
> Robert, have you done any kind of survey of investing habits in our
> community? (That would be an interesting poll for ExI-Community.) Perhaps
> you have not seen evidence because you have not asked for it. Do you have
> any evidence to the contrary?
It occurs to me that a high proportion of ExI people are involved in,
initiating or driving ventures, for a lack of a better term, of one sort or
another. Entrepreneurial and other fanaticisms are hard to keep leashed :) I
don't know about anyone else, but I can certainly attest to ventures being
hazardous to your investments and general fiscal health in the short term...
Reason
http://www.exratio.com/
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