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I was curious about this as well but can't find any concrete sources.

A blog [1] says the argument goes something like this: “The first $100,000 is a b*tch, but you gotta do it [...] I don’t care what you have to do—if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit.”

[1] https://fourpillarfreedom.com/charlie-munger-the-first-10000...


Is this 100k in 1950 dollars or what?


1990 was when the quote was made so 100k in 1990 dollars - so $200K today


The upside and downside of hybrid cars boils down to the same thing: Having two energy systems on-board. While often great, it also makes the whole system quite a bit more complex.

You need a gas tank and a battery, electric motors and internal combustion engines, and so on. I don't know how hybrid cars compare in terms of purchase price and maintenance costs, but on paper they are a much more complicated system.


"... we don't even know how to measure all of its properties at the same time ..."

I assume you're referring to Heisenberg's Uncertainty Principle [1]. If you are, then this shows a fundamental misunderstanding of it. The uncertainty principle describes a fundamental property of quantum systems. It has nothing to do with our measurement technology.

[1]: https://en.wikipedia.org/wiki/Uncertainty_principle


Because then the order of cities would change for every plot making comparison of two cities a pain.


I appreciate the insight. Regarding offline payments: Isn't the physical Krona exactly just that? Why is a new solution for this required?

I couldn't help but chuckle at the two typos (Freudian slips?) of Riksbank: "The Riskbank" and "The Rikabank" (bank of the rich).


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