Eric Balchunas
👤 Speaker
709
total appearances
Appearances Over Time
Podcast Appearances
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
It's a Ponzi lottery.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Fine, but they didn't do anything to deserve it.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
There's a lot of that, right?
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
And then number one is like...
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
I don't understand why do we need this?
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Yeah.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Everything.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
And that first category of people that I'm talking about, they've never lived overseas.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
They've never lived in a country where the currency went to zero.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
They've never had to flee somewhere in the middle of the night.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Yeah.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
So they really don't understand that aspect of it.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
But you got to give it to them on the other two points.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
It is lottery-esque.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Some people were just faster to buy lottery tickets.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Yeah.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Now, one other aspect of this.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
A lot of them are saying things like…
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
I was a visionary.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
It's like, well, you risked $1,000 and turned it into $10 million.