late reply
I'm very sickly
TS share is good for a 1990's economic view point and it is outdated to our current time
he discussed many billionaires like bill gates etc etc etc but he forgot the fact it is very different for saving and investing
bill gates and many other as we know they were undergraduates, never finished
but we need to lay the fact first
1. in America currently a 12 year old kid can programs anything from PHP or Java with ease he just read a book
2. In america there is a company called venture capitalist VC or micro venture capitalist (MVC), they are around 600 companies
what are VC?
sila yung namumuhan any people who want to invest they put it in a VC na wala sa Pinas take note wala sa pinas nito again wala sa pinas ang ganitong system
what happen
anyone who invents something a system, a software, a miracle drink or something they present it to the VC companies. and these VC will analize the product the viability, saleability, and productivity and fund it therefore magiging corporations sya at may share yung inventor this the reason napatalsik si Steve Jobs sa apple dahil hindi naman sya ang naglabas ng pera may share lang sila
kumikita ang isang company by selling and buying shares or called share outstanding commonly ang CEO ang gumagawa nito
wala kang ilalabas na pera ganyan sa states sa pinas maglalabas ka ng pera
syempre sasabihin iba ang mga Asian
ang suggestion ni TS is just to prepare you for emergency scenario it is too late for business. pwede syang business but not that big enough dahil madaming bully maraming gumagaya
example
nauso ang shawarna ang daming naglabasan ng shawarma
nauso ang buko ang daming naglabasan na buko station may buko house, buko station at maraming pang iba