The Wealth of Generations

"I don’t want a nation of thinkers. I want a nation of workers."   —John D. Rockefeller Written by Ingemar Anderson with the help of  GPT-3, an  artificial intelligence model. I have developed ten rules to remind myself to stick to my investment strategy. Of course, the list is not complete, but it is a start. Please feel free to add your own rules at the end of this chapter that you feel should be used to manage any of the five asset classes money, securities, commodities, real estate, and businesses.   1. Never buy an asset above market price This first rule seems to be an obvious statement. However, I have seen too many times that investors end up paying too much for an asset. I do intensive research before I buy, I do my due diligence and always try to understand the seller to get a better deal. Paying cash will always be an incentive for the seller to sell quicker. 2. Focus on assets that create income By following only these first two rules, buying primarily as...

Yes, democracy lives in a small circle surrounded by Extremism. This is why we need to be careful with letting some of our fellowmen overstep the boundaries of democracy. As we know, many countries have crossed the line between authoritarianism and anarchism many times in history.  Today, I know of people who feel drawn to rabble-rousers and autocratic figures who openly claim to abandon the circle of democracy. Their unhappiness with the current system and themself seem to make them blind to obvious logical consequences of extremism.  As the above illustration suggests, a world outside of democracy has no functional justice system, an immoral society, and an unconstitutional government. In such a world, people live either in a lawless society in chaos and anarchy, or they live in a tyranny ruled by a feared dictator.  Unfortunately, some people even wish for such a world or they cannot fathom the dire consequences if such a world would in fact come upon us. Some people m...

  "I don't want a nation of thinkers. I want a nation of workers."   —John D. Rockefeller, 1903 In 1903, John D. Rockefeller said during an event of the founding of the General Education Board  "I don't want a nation of thinkers. I want a nation of workers."  Almost 120 years later, it is clear that his wish was honored and became true. For 120 years, too many of us became workers that produced the most amazing products and services. But these workers also created something extraordinary: artificial intelligence. With GPT-3 developed by the OpenAI organization, a machine has been created that can almost think like a human, and in many cases even better and faster. Today, machines basically consist of two components, one physical and one mental. The mental part is growing exponentially, some even expert an information processing explosion in the coming years. The other part is the physical part, which we call robots.  It is predicted that both, the mental and...

In my book The Wealth of Generations , I am introducing new big concepts and terms that have the potential to transform our out-dated capitalistic model into a new capitalistic paradigm. Here are some of them: Cash-Cow Diagram or Asset Quadrant The Wheel of Wealth Human-centered Capitalism IDEA (Innovation, Development, Execution, Acceleration) Wealthism Investor Levels The Five Asset Classes The Two Laws of Wealth   The Leverage Indicator The Two Laws of Gernarational Capital 

Jamie Johnson, in his documentaries and public statements, makes a very good point. Born rich is not only a privilege, it is also a responsibility and often a burden.