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2 principles, Principle #1: The purpose of investing is to allocate society’s resources in a manner that generates optimal returns. I mowed your lawn. In return, you could give me a goat. But what would I do with a goat? So you give me $10 (currency, which in economic terms is referred to as a “store of wealth.”) I don’t need the $10 at the moment. And instead find a dude who needs the money to buy parts for a new lawn mower motor that can cut the time of mowing a lawn in half. It works! In five years from now he is making so much money from selling these motors that he is sending me
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