What advice would you give to your 17 year old self?

Oh my god you're so wrong. The stock market is controlled by roughly 150..maybe 200 really old, rich white males. They own companies like Ford, which owns commodity markets like steel/aluminum, crude oil, etc. These people control the stock markets, you can see it in tech companies.

A good example is tech companies like Snapchat, who is poised to post over 1 billion in revenue over the next 2-3 years. Yet look at how massive a hit their stock took in the last 2 years? This company is literally in the best position they've ever been, yet the stock is down. Why is that? Makes no sense. Company makes profit, generates a fuck ton of revenue, has a board of directors to die for...yet is down on the year.

When you look at the stock market, not everyone can win. Except the .01% like Ford, they can win every time because the game is rigged however they want it to be. They have so much money, they can fluctuate, control and demand the market move certain ways.

When the market crashes, billionaires don't go extinct. In fact, most get richer. You can't play a rigged game with no money and expect to have control. If the stock market goes up for someone, it goes down for someone else. At all times.

/r/Entrepreneur Thread Parent