Where will the big money be made during the 2020's?
Where do you see finance's biggest "white spaces" in this era?
Let's assume your goal is to become a billionaire in financial services, to put it simply.
Let's also assume tomorrow you're given $25 Million dollars carte blanche, as well as a healthy rolodex, to assist you on your journey toward this goal.
Obviously, this journey will require your visionary entrepreneurship as a prerequisite but beyond that, you now have to choose between various sub-industries:
Investment Banking
Private Equity
Private Credit
Secondaries
Real Estate
Fintech
Crypto / NFTs / Defi
Family Offices / Wealth Management
Which would choose and why?
Bonus if you list the pros and cons of each...
Do you view certain fields (PE) as overcrowded and on the decline...why or why not?
Bump
Onlyfans.
In the 2020s you are either producing such content, managing a platform of such content, or consuming the content. You decide where you fall.
Personally I've been pretending to be a college girl and have been doing dick reviews on onlyfans. Guys send me a dick pic, I send back a rating/review, they give me 100 bucks.
I can basically get through about 20 a day between IB downtime in between comments. Its easily over 300k a year in side hustle cash. Really just a volume thing too(how many dick pics can I blow through this weekend...)
Plus once you've seen the number of dicks I have you have basically seen them all. Reviews at this point are like autopilot for me.
Wait are are you serious, and if so, how does one do what you're doing?
Pizz!
I've actually considered doing this before and researched it out of curiosity. I don't think it's possible without doing identity fraud since onlyfans checks ID documents to specifically make sure this doesn't happen.
My man is the dick connoisseur
I know you’re joking about only fans but a friend of mine is averaging $3k a month posting videos of his girl and him. Kinda like Leolulu.
If I knew I wouldn't fucking tell you now would I
Secondaries babyyyy
Not a chance lol, secondary market is getting more and more priced to perfection
What do you mean by that? Could you please explain? Thanks!
What are secondaries?
commodities trading
So I landed a 2023 SA S&T commodity gig at the right time?
this is absolutely correct
Arms dealing
Heard Viktor Bout is recruiting interns for summer ‘23
Intern in Pelosi's Family office, I heard their event-driven strategy is solid.
Powerball lottery
-
Real estate, infra, commodities trader. Time for real assets baby
You think real estate is going higher from here? Which asset class?
Join congress and trade LEAPs on companies prior to regulating them…anything else is child’s play from a $$ perspective
Career success = specialization x market demand - competition
Just for shits and gigs though, if I had 25 mm dropped in my lap and the goal was to become a billionaire by end of life I’d probably follow a regimen along the lines of:
1.) Immediately put 10 mm away into wealth management team of choice.
Next, I’d spend some time and a few hundred thousand traveling the world and observing. Along those travels I’d try to meet as many highly influential people I could that are working to solve a world class problem.
Once I’ve decided on the problem area to pursue, I’d try to create a fund with the people I’ve met and their networks as to pledge my remaining 15 mm in pursuit of solving this problem.
But Friedman that’s so risky!! How can you put up more than 50% of your wealth in one area? Because that’s the only way you turn 25 mm into a Billion. Plus, it’d be a super rewarding career pursuit and you’d have 10 mm compounding that you can slowly distribute from at modest US living standards.
You expand on the 15m solving a societal issue?
Yeah - I'd probably aim to solve something in the healthcare space.
Agriculture
Basically just avoid any industry I'm in cause I guarantee you it won't be profitable
"Pretty much VC money demands immediate profitability over future growth"
This isn't true. The whole reason why so many startups are laying off 10-20+% of their employees right now is because VCs (especially in 2020 and 2021) prioritized growth over profitability (often without giving the latter any thought).
Battery Storage, Lithium Mining, Agriculture & Water.
do you have any public stocks for this? American Water ($AWK) is something I've found for water and intend to hold for a long time, but was curious if you had anything else (including for agriculture).
The 2-3 startups that end up winning the DeFi/fintech space will likely each IPO at a valuation in excess of $50 billion, catapulting several founders to a net worth of $5-10+ billion
Agreed. What specifically do you see as the “gap” they’ll be filling?
Besides for being buzzwords, curious as to what value you think these companies will bring to financial markets…
No.
.
What’s the team’s strategy?
Anything to do with China.
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