Gary and I were getting a pitch yesterday from a fantastic, grizzled entrepreneur and he had a slide that read ‘Speculation is Entertainment‘.
I could not help but stop and say ‘OMG…you nailed this moment in time’.
Before COVID we lived in a world of ‘Netflix and Chill‘.
With $11 trillion printed since COVID, we should not be surprised that speculation is a new form of entertainment.
Young people collecting NFT’s with fractional ownership and DAO’s, while spending their weekends talking and trading crypto is ok with me.
Before you know it they will know how to invest and that’s a good thing seeing there is a portion of that $11 trillion that will need to be invested and speculated on well to pay for all the wasted trillions.
In Rome, all the free time led to Gladiators, so take it easy on the ‘youts’ please.