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The key is that they aren’t ‘making it’. They’re arbitraging value.
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Key takeaways
- You don't have to do anything, you just buy something that's worth a lot and sell it to some for a little bit more.
Chapters
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Abschnitt 1 The easiest way to make a million dollars is buy something that's $10 million, buy it for eight, and you sell it to somebody else for 10.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00The easiest way to make a million dollars is buy something that's $10 million, buy it for eight, and you sell it to somebody else for 10. There you go, you made two. You don't have to do anything, you just buy something that's worth a lot and sell it to some for a little bit more. How do you think guys make a billion dollars? They buy something that's $10 billion, they sell it for 11, they made a billion dollars. That's how that kind of money is made. They're not making it, they're arbitraging value.