Some could be low investment (~2%) if it is an S&P 500 index fund, but others that rely more on tech/growth stocks could be 5-10% or more. Retirees in drawdown phase (withdrawing 4% annually, or $9,000-$10,000) are extra vulnerable to sequence-of-returns risk—early losses lock in lower balances. A boycott-driven Tesla slump in 2025 could force sales of depressed assets, amplifying losses.

Funny how the people who want to tank Tesla are causing self injury. 401(k) accounts and nearly every major retirement fund are invested into $TSLA. These dumb shits think they are doing something for the world because “Orange man bad, and now Elon bad” and they get to reap the rewards of reducing their own retirement accounts. Well-done.

John Paul DeJoria: Born to immigrant parents in Los Angeles, DeJoria faced early adversity when his parents divorced, leading him to live in a foster home at age two. By nine, he was selling newspapers and Christmas cards to help support his family. After periods of homelessness and working odd jobs like janitor and door-to-door shampoo salesman, he co-founded John Paul Mitchell Systems in 1980 with just $700. Later, he launched Patrón Tequila, revolutionizing the premium tequila market. His net worth stands at around $4 billion, per Forbes, a testament to his self-made journey.

There’s many facets, but some core tenets are to be highly focused, highly committed, and increasingly efficient in efforts to make a goal (in the right direction) happen.

The idea I’m thinking of explicitly here though is scaling this definition to hold increasing amounts of leverage over time. To put it simply, your continued highly focused, efficient, and effective work leads to a system where more work gets accomplished overall, and the time that you put in accomplishes much, much more.

This assumes billionaires fell into money. Not true. The person with two jobs puts in more hours ongoing, but they either aren’t or don’t know how to actually work