Was thinking about this riff from Josh Brown :
Imagine you sold your mom and pop bookstore in 1997 to Amazon and put all that money in Amazon stock. None of your descendants would ever work again.
My mother-in-law used to ask me what to tell her friends when they asked what I do.
I would say – tell you friends I like to start companies… that I am an entrepreneur.
Now that I am Chairman of Stocktwits, when she asks I tell her to tell her friends that I invest for a living.
I like being the capital as Josh says above.
The hardest work of being an investor is getting/begging for the capital so that you can eventually invest.
Next time my mother-in-law asks I might just say to tell her friends that my job is to raise capital.
But I agree with Josh completely that investors are working people and I am confident that capital will continue to crush labor no matter what/how the government intervenes.
Also published on Medium.