yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Society Needs THESE Two Things in Order to be Successful


less than 1m read
·Nov 8, 2024

History has shown that there are only two things a society needs in order to be successful. The first is the ability to provide a good education to most people that teaches them skills and civility so they can be productive. In other words, the development of human capital. From the start, this teaching typically comes from parents and teachers who instill good values and principles to be productive with others.

The second is an environment that gives people the resources so that they can be productive. At its best, that environment provides financial capital that comes from investors, banks, and capital markets to invest in those who are capable of being productive. This environment must be a civil place to live, work, and raise one's families. Ideally, one in which there are many exciting people doing many exciting things, so that it is a creatively stimulating environment.

In other words, having the right people in the right environment that supports productive creativity throughout the life cycle is what it takes.

More Articles

View All
Michael Seibel - Startup Investor School Day 2
So just a couple of notes. If you’ve noticed, a lot—maybe all—of the presenters thus far are YC people. That’s not going to end right now. However, the rest of the course is mostly, almost exclusively, perspectives on investing from outside of YC. So, don…
Awesome Atmosphere SCIENCE!
Vsauce, are you leaning back right now? Of course, you’re not. But you will be soon, because a new episode of Vsauce Leanback has just been released, and to start it, click the link at the top of this video’s description. This week’s topic is really fun.…
Worked example: Predicting whether a precipitate forms by comparing Q and Kₛₚ | Khan Academy
[Instructor] For this problem, our goal is to figure out whether or not a precipitate will form if we mix 0.20 liters of a 4.0 times 10 to the negative third Molar solution of lead two nitrate with 0.80 liters of an 8.0 times 10 to the negative third Mola…
15 Rules To Win At Life (Part 1)
This is the Sunday motivational video. Every Sunday, we bring you a different type of video that should improve your life. Today, we’re looking at 15 rules to win in life, Part 1. Welcome to ALux.com, the place where future billionaires come to get inspir…
Terlingua's Turning Point | Badlands, Texas
About 1881, Sierra Blanca was where the major railroads met and fought. There’s only one route to get from the rest of Texas to El Paso, so Texas Pacific raced through the Southern Pacific. Whoever got through the pass first would control the route to Cal…
Is the S&P 500 Just a Giant Bubble?
You know that saying in investment ads: past performance is not a reliable indicator of future returns. It’s an interesting one and it got me thinking, because for passive investors that are literally buying the whole market, the very thesis of that strat…