Amjad Masad
π€ SpeakerAppearances Over Time
Podcast Appearances
It's like buy stocks you like,
Um, I don't know.
I don't want to give like too much of financial advice because like a lot of it is like very, very selective.
But like the, the, the main idea here is, is assets, like understanding inflation, how inflation works and how the dollar is like continuously being printed.
Really every currency out there is like continuously being printed.
Um.
And if you're optimizing for cash, you're really losing wealth and you're not really building wealth.
Wealth is through accumulation of assets.
And those assets tend to, there's certain assets that tend to compound.
I bought Bitcoin, when I left Facebook to start Replit,
I sold my Facebook shares, which I could have held on them and they've done really well, but I bought Bitcoin and put the rest in my company.
And so understanding inflation is core and like go research that and really understand how the system is working on debt and quantitative easing and all that stuff.
You don't have to understand it that much in depth, but the main lesson is
where the economy is running on inflation and the rich don't hold cash, they hold assets.
I don't know.
I mean, I don't really think about money all that much.
Like, and I don't say it in a way to like,
you know, to brag or anything.
It's just like for me, it's like build cool shit and money will come.
Like build poor things, hold ownership in those things that you build or invest in like important things and products and services that you think are just the future.