@oragnes: Holy crap! Billionaire Kevin O’Leary shared his mother's lifelong spending rule: Never buy junk. She bought only one Chanel coat per year, but it had to be true quality. After she passed away, the women in the family nearly fought over those clothes because the value of those vintage Chanel pieces had far exceeded their original purchase price. …
Summary
This tweet shares Kevin O'Leary's mother's spending rule (quality over quantity) and reports on Iran using a Bitcoin digital insurance platform to bypass U.S. financial sanctions.
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Cached at: 05/24/26, 06:24 AM
Holy cow! Billionaire Kevin O’Leary shared the golden spending rule his mother lived by: never buy junk.
His mother bought only one Chanel jacket per year — but it had to be a true masterpiece. As a result, after she passed away, the women in the family nearly came to blows over those jackets, because the value of those discontinued Chanel pieces had long since surpassed their original purchase price.
Go home and check your own closet — it’s probably 80% filled with cheap junk you wore once and then left to gather dust. The secret to why the rich get richer is simple: stop buying garbage that just sits around and save your money for truly high-quality items. Better to have nothing than to have rubbish.
Bitcoin Orange Trader (@oragnes): Holy cow! Iran just dropped a bombshell in the Persian Gulf, using Bitcoin to fight back against U.S. financial sanctions. Fox News broke the story — Tehran now holds a crypto treasure chest worth up to $7.7 billion.
They’ve launched a brand new digital insurance platform for cargo ships in the Strait of Hormuz, with all premiums paid in Bitcoin. Pay with Bitcoin to secure safe passage — this maneuver bypasses the U.S. banking system and has generated significant new funding for the military.
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The post cites Silicon Valley VC godfather Marc Andreessen's view, pointing out that the correlation between IQ and success is only 0.4, and that generalists (who integrate resources and understand human nature) are often more likely to gain social power and wealth than high-IQ specialists.