BlackRock analysts found that Americans now estimate they will need over $2 million saved for retirement. However, the average American only has $87,000 saved in their retirement accounts.
69% have less than $150,000 saved and an astonishing 33% have no retirement savings at all.
69% have less than $150,000 saved and an astonishing 33% have no retirement savings at all.
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U.S. authorities recovered $31 million in cryptocurrency stolen in 2021 cyberattacks on Uranium Finance, a Binance Smart Chain-based DeFi protocol. The platform launched in April 2021, but hackers quickly exploited vulnerabilities in its smart contracts to drain its assets and push it to premature death, causing millions in investor losses.
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Musk's Principles
Murray has a column in the WSJ about Musk. Here's a segment.
"What do we know about Musk as a leader? Fortunately, ...Dennis Kneale has provided a guide. His new book is called “The Leadership Genius of Elon Musk” and boils it down to 11 key principles. If “The Art of the Deal” tells us what we need to know about Trump’s leadership style, Kneale’s book does the same for Musk.
Here are Kneale’s 11 principles, ranked by me from the least to the most idiosyncratic:
-It’s better to launch and burn than never to launch at all.
-Always bet on yourself, and double down.
-Dream huge, and be willing to spend decades in pursuit.
-Reduce, reduce, reduce. The key to business success, and life, is simplification.
-Most people are loafers; work harder than you ever have before.
-On the media: to hell with them, they are shameless shills.
-Free speech is everything; stand up and be heard.
-Tease your critics and torture your enemies.
-The most likely outcome is often the most ironic (and unexpected) one.
-The highest nail gets pounded down first. Strap on a helmet.
-This all may be fake, so just go for it."
That last one is a reference to Musk’s often restated belief that, as Kneale puts it: 'We are living inside a superreal virtual simulation, mere characters in someone else’s videogame.'"
-Always bet on yourself, and double down.
-Dream huge, and be willing to spend decades in pursuit.
-Reduce, reduce, reduce. The key to business success, and life, is simplification.
-Most people are loafers; work harder than you ever have before.
-On the media: to hell with them, they are shameless shills.
-Free speech is everything; stand up and be heard.
-Tease your critics and torture your enemies.
-The most likely outcome is often the most ironic (and unexpected) one.
-The highest nail gets pounded down first. Strap on a helmet.
-This all may be fake, so just go for it."
That last one is a reference to Musk’s often restated belief that, as Kneale puts it: 'We are living inside a superreal virtual simulation, mere characters in someone else’s videogame.'"
Musk is a lot. This disappointing article is considerably less so because people are hard to summarize. Thankfully. We are subtle and nuanced; distilling us is a task braved only by the arrogant or the foolish...like sociologists, Marxists, and racists. Summarizing us is mental shorthand, binary, not analog. Not accurate but convenient for those with a limited purpose. Think commissars or CRT. We are a race of tendencies, like dog breeds, but unlike dog breeds, those tendencies are only the starting points. it is that promise that makes us so inspiring, and our failures so disheartening, to everyone except the collectivist. The Americans created a political culture where the limits on an individual are individual and innate. There are no breeds here and no laws declaring a courser a pointer. And most importantly, he is of equal value before the law.
Every child is born a Musk, or a DiVinci or a Shakespeare until he proves otherwise. But he will always have the dignity and integrity of a free individual regardless of his accomplishments.
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