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Most People Just Don’t Get It: There Are Now Two Financial Systems
Both systems are merging. You need to understand the old (complex) financial system. Let me make it dead simple for you.
The thing I hate most about finance is its complexity. Complexity stops normal people from building any wealth (by design).
Assets are what you use to store your value and build wealth. Assets are part of the financial system. There used to be one financial system, and now there are two — many people don’t know this (again, it’s by design).
I spent a large part of my career working in the old, broken financial system. It’s only recently that finance people like Raoul Pal have begun explaining the two financial worlds we’re living in. Your money and investing choices start to make sense when you can clearly see the two financial worlds.
“You can step out of one [financial world] and into the other.”
Financial World #1 (Based on Pessimism)
These are the questions that get asked.
