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
Howard Marks on Investing in a Low Interest Rate Environment
How are return high returns achieved? High risk-adjusted returns, how do you get high returns with low risk? The answer, in my experience, is investors make money most safely and most easily when they do things that other people are unwilling to do. What…
trying to fix my sleep schedule
I’m trying to fix my sleep schedule. I’ve been waking up at 11 a.m., 1 p.m., 2 p.m., 3 p.m., and I don’t know when I sleep. So, in today’s episode, I’m going to try to fix my sleep schedule as much as possible. I realized that in order to fix your sleep s…
My Advice for Each Stage of Life
There’s a life cycle: right, your teens, your 20s, your 30s, and so on. Every phase is a little bit different, or quite a bit different. People have asked me, in their 20s, what is good advice for their 20s? You are about to go independent. You were depe…
Safari Live - Day 322 | National Geographic
This program features live coverage of an African safari and may include animal kills and carcasses. Viewer discretion is advised. What a beautiful afternoon! You can see here we have got the wildebeest just at the background there who are now going to d…
15 Truths about Success You Wish Someone Told You Sooner
The most expensive cost in life is the unseen price that you pay on the information you don’t have. Some people spend decades figuring things out and wishing they would have found the answers sooner, and this video allows you to bypass all of that. Here a…
Dear 2022
I don’t know if it’s just me, but it’s basically 2022 now, and I’m still mentally processing 2020. When I think back about 2021 and what it did for me as a person, it doesn’t feel like much of anything new, just a rehash of last year. It’s like they’ve me…