What do you mean by the word “entitled”?

I mean on a new car lot, $34k only gets you a mid tier midsize SUV from one of the non-luxury brands. This is nice-ish RAV4 money, not Lexus money.

This is a little extreme. Financing is a useful tool and most 36mo loans have interest lower than inflation. You’d be an idiot to pay cash if you can get 0% for 3 yrs.

Mostly they just don’t know any better.

Show up? Most of those loans are just to keep up! Anything to avoid feeling inferior.

Where do you live that your house was less than $34k?

I know -- I thought it would be much lower! 🤔

Gotta show up the neighbors!! 

A $573 car payment for 6 years. That sounds fun. And you’ll be upside down the whole time with $4,000 down. If that’s the average new car transaction people really are mad.

Same here. A professional truck driver put it best on a 60 Minutes piece recently:

Silicon Valley person affiliated with the VC world here ... IMO we should be banned from funding autonomous tech.

Bingo! This is what I’ve been saying. The computers are good enough to keep the truck on the road, to follow directions, to miss most of the obvious obstacles.

Sad to see that someone with a balanced take and conscious understanding of the actual needs of the industry essentially forced out due to lack of funding. This is the kind of person I want developing this technology, not a bottom-line focused investment firm or “disruptive tech” bro.

Chrysler loved the Portofino so much that they actually restored it after it was wrecked in an accident in transit. Which is pretty unusual, most concept cars are just crushed when they’re not useful anymore.

They are in most capital markets, because if this very problem - they reward managers and boards (who are compensated in many ways that benefit from rising stock prices) for taking liquidity risks, only to then socialize the losses via too big to fail if those bets go wrong. The conflict of interest is a market…

stock buybacks =/= reinvestment

Easy to say but when an average citizen blows all their savings trying to weather this storm they tell you to save more this is not socialism.

Apple has billions of cash in reserves. Most massive business do as well. Spending 96 percent of your free cash over the last decade is horribly irresponsible for a business when it leaves nothing in reserves. You really dont understand finances at all

Question: How many months of regular daily expenses do you have in your savings account at the bank? Its not a great investment, but it is cash that’s always going to be there.

Stock buybacks when you have debt on the books should just be illegal. Nobody who would be hurt by that rule doesn’t deserve it.