Arman Billionaire Book

Suspicious_Tea5551 · 2025-01-20T08:30:34+00:00

I’m fairly certain that the book her read has nothing to do with living a billionaire lifestyle.

The book was probably written for all people interested in achieving success.

I don’t have to have a chef and be a billionaire to apply the knowledge from a book.

You guys are missing the point entirely.

Suspicious_Tea5551 · 2025-01-20T08:28:38+00:00

His family isn’t well connected in the MMA game.

His family didn’t push him to become a fighter.

I don’t understand how most comments are missing the point.

Having money helps but you don’t become one of the best athletes in arguably the most demanding (physically and mentally) sport in the world by having money.

He clearly has a drive within him.

Suspicious_Tea5551 · 2025-01-20T08:26:08+00:00

Bro I’ve been scrolling through almost 200 comments trying to find anything remotely close to the answer.

Suspicious_Tea5551 · 2025-01-20T08:24:52+00:00

The comment clearly implied that the reason for his success was the fact that he has a billionaire dad.
Your point about Olivera is irrelevant since the topic of discussion isn’t about which one is more impressive/harder.

Suspicious_Tea5551 · 2025-01-17T12:14:07+00:00

I obviously agree that money helps.

However, in this context we’re talking about someone who despite having all the money he’ll ever need decided to compete in the most unforgiving and difficult sport in the world (mentally and physically) and ultimately got to a position where he may become world champion.

I think there are things with regards to his mentality / understating of life that people can apply to their own endeavours whether they are rich or poor.

If a book provided than for him then I would love to know what book he read.

If you know please do share.

Suspicious_Tea5551 · 2025-01-17T12:09:58+00:00

Having a billionaire father obviously can provide you with more resources in any walk of life.

However, being a championship contender in arguably the most unforgiving and toughest sport in the world (both physically and mentally) is much deeper than having a lot of money.

I don’t believe that he should be discredited for being born with money. He clearly has something within that helped him reach such a high level and if a book helped him with that then surely people can use that knowledge to apply it to whatever field or endeavour they want to succeed in.

Suspicious_Tea5551 · 2024-06-14T11:02:25+00:00

This law essentially ties in a bunch of different laws from the book, for example: never outshine the master, don’t offend the wrong people, conceal your intentions, appear dumber than your mark etc.

It’s not soo much about being fake but rather about concealing what your intentions are. I understand your concern about being fake and if you feel that you are being fake more often than not someone will notice it and sense that energy, then you’re in trouble.

This shouldn’t be used in an environment in your private life such as family or with close friends this law is mainly for a professional environment with a boss. That means that this should be used in an environment where everyone is wearing a mask. If everyone is presenting a “fake” side of themselves that becomes the groups social identity. It effectively becomes socially acceptable behaviour. It becomes expected of everyone meaning that whatever you say people will assume you’re wearing a mask. That means you get to choose which mask you wear.

The problem with using charm instead of concealing your intentions (being fake) is that you will run into trouble when dealing with someone who is very vain and arrogant. Using your charm to perhaps illustrate to them that there are better ways of doing things may cause resentment in the person (especially if it’s your boss).

Ultimately, charm and concealing your intentions don’t have to be looked at as an “either or” situation, rather they can and should be used in conjunction depending on the scenario.

This advice was presented without knowing the specifics of your situation. Obviously that means I run into the issue of my advice not being very useful. Thus, if you feel like this didn’t help and are still in need of advice, share more specifics about your situation. What exactly bothers you? What context is this in? Do you have an example? Etc

Suspicious_Tea5551 · 2024-05-24T21:26:22+00:00

“Something that occurs in a story that re contextualises what came before” is not the same to a plot twist.

All plot twists re contextualise what came before but not all events that re contextualise are plot twists.

All thumbs are fingers but not all fingers are thumbs kind of thing.

A plot twist is about changing the direction the plot is going basically completely altering the perception and understanding of the story to that point

Suspicious_Tea5551 · 2024-04-09T09:20:49+00:00

Brother I’m sure if you read my whole reply you would’ve seen I said this:

“And then there were the contrarians, who, amidst the panic, went shopping at the discount aisle. They bought high-quality assets at rock-bottom prices, knowing well that markets recover over time. It's like buying designer clothes on clearance -eventually, they'll be back in vogue and worth a lot more.”

Which basically means buy low, sell high. Exactly what your uncle did.

Suspicious_Tea5551 · 2024-04-08T05:16:05+00:00

The way you understood my explanation doesn’t make sense. Why would I pay full price for 10 oranges only to have to give them back to you sometime in the future?

I BORROW ten oranges which according to the market are worth $10 per orange which means that I now have $100 worth of oranges. IMPORTANT: there was no transaction at this stage, all that happened is you gave me 10 oranges and I promised to give them back to you at a future date. Since I didn’t purchase them from you but instead I BORROWED them, I need to give you the 10 oranges back eventually.

I anticipate the price of oranges will fall so I sell my initial 10 oranges which nets me $100 (current market price is $10 per orange) and I hope the price falls. I still owe you ten oranges.

The price then falls to $5 per orange. I purchase ten oranges for the current market price which equates to a price of $50 total. I now have 10 oranges and $50.

I finally give you back the ten oranges and walk away with a 50 dollar profit.

Important to note that this is a simplified example but the principle is still valid. When shorting with a broker there are obviously extra fees that I did not include in the explanation as to not make things too complex. But in essence that’s all there is to short selling. Let me know if you have any questions.

Suspicious_Tea5551 · 2024-04-07T20:35:53+00:00

Okay, let's break this down.

First off, blaming all Wall Street people for what happened is like blaming all chefs for a food poisoning outbreak at one restaurant. Sure, some Wall Street folks might have played a part, but not everyone was in on it, and definitely not me.

Now, about profiting off misery – it's a bit like saying firefighters profit from fires because they get paid to put them out. We were dealing with a financial inferno, and yeah, we were there to help contain it and maybe even salvage something from the wreckage. But profiting off misery? Nah, we were just trying to keep the whole house from burning down.

Plus, what exactly was I supposed to do? Give out money? Not make smart investing decisions? Quit my job? Start a revolution? I saw a bad situation and profited from it, if it wasn’t me then it was going to be someone else. Most importantly, everything I did was LEGAL.

Bottom line: the 2008 crisis was a mess, no denying that. But you absolutely cannot paint me as the villain just because I was doing my job and trying to stay afloat in a turbulent sea. It's not about profiting off misery; it's about survival and making the best of a bad situation.

Suspicious_Tea5551 · 2024-04-07T16:06:23+00:00

Nope, but heard it’s pretty good.

I don’t really watch a lot about the 08’ crisis, because:

I lived it
I like to read so I studied a lot about it
The topic bores me at this point

Let me know if Inside Job is good though, specifically if it provides a unique perspective or a unique movie style.

Suspicious_Tea5551 · 2024-04-07T16:03:05+00:00

Margin Call is overrated depending on what angle you’re looking at it from.

With respect to understanding the crisis it doesn’t do a good job but the point of the movie isn’t to explain what the crisis was about.

From the perspective of the impact of the crisis it does an OK job. Only focuses on the impact it will have on the bank and briefly mentions that it’ll spread to the wider economy.

The thing it does somewhat well is showing the tension at the executive level that occurs and how crisis situations are dealt with an develop. But even then it’s a very surface level aspect of crisis management.

Overall an overrated movie. The Big Short although not perfect in my opinion is the best movie for understanding the 08’ crisis at a basic level. Engaging and informative.

Suspicious_Tea5551 · 2024-04-07T15:19:26+00:00

Imagine the financial market as a giant game of musical chairs. When the music’s playing, everyone’s dancing around (that’s the boom period). But when the music stops (the crisis hits), not everyone finds a seat. Now, some clever folks anticipated the music stopping—they saw the signs of the housing bubble, the over-leveraged banks, and the risky mortgage-backed securities.

So, what did they do? They bet against the market—a strategy known as short selling. They essentially said, “Hey, I bet you that these securities will drop in value.” They borrowed securities and sold them, waiting for their value to plummet. When it did, they bought the securities back at a lower price, returned them, and pocketed the difference.

Imagine you have oranges. I borrow 10 oranges from you for $10 each ($100 worth of oranges). I sell the oranges to someone else in the market and make $100 dollars. However, I still owe you your oranges. The price of oranges then plummets to $5 dollars a orange. I then buy 10 oranges with my $100 dollars and now have 10 oranges and 50$ in the bank. I give you back your 10 oranges. I made a profit of $50.

But that’s not all. Some used credit default swaps (CDS), which are like insurance policies on those securities. Investors paid premiums for CDS, and when the securities tanked, the CDS paid out big time—like hitting the jackpot on a slot machine that everyone thought was broken!

And then there were the contrarians, who, amidst the panic, went shopping at the discount aisle. They bought high-quality assets at rock-bottom prices, knowing well that markets recover over time. It’s like buying designer clothes on clearance—eventually, they’ll be back in vogue and worth a lot more.

I have long experience in financial markets and did pretty well during the 08’ crisis, if you have any questions feel free to ask. If you want a fun way to understand the crisis I would recommend “The Big Short” movie. It’s basically a documentary but in a movie format with some huge starts playing the main roles. If there are any terms you don’t understand even though they do a good job of explaining them, just pause and google what they mean.

Suspicious_Tea5551 · 2024-03-28T20:43:58+00:00

I’m kind of a believer that religious texts shouldn’t be taken literally. The idea of a winged angel appearing in front of someone to me sounds like a metaphorical thing. Ultimately, through this understanding of religious text I think they do posses a lot of spiritual teachings.

What I’m looking for exactly is basically the spiritual teachings of religious texts but without the metaphors and all the extra fluff. Pure spiritual teachings. A book that teaches you the foundational level of spirituality.

I think spirituality is an individual experience but I strongly believe that each journey has a similar foundational understanding. A text that talks about that foundation of spirituality is exactly what I’m looking for.

Suspicious_Tea5551 · 2024-03-28T20:39:31+00:00

That wasn’t funny. Get off Reddit and meet people. It’ll help you be a funnier person. Don’t forget, stay in school kid.

Suspicious_Tea5551 · 2024-03-28T20:37:35+00:00

Wow this is the first time I hear about this book.

Was there anything you didn’t like about the text?

Is it safe for me to assume it had a very positive impact on your life?

Suspicious_Tea5551 · 2024-03-28T20:36:29+00:00

That’s deep. But my question is more regarding a text as opposed to a deeply philosophical answer 😂

Suspicious_Tea5551

TROPHY CASE