The problem isn't whether rich people believe stupid shit; it's the fact that when a rich person believes something stupid, that belief can turn into torment for dozens, thousands, or millions of people.

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March 09, 2026 - 17:06 UTC

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Here's a historical example that I think about a *lot*. In 1928, Henry Ford got worried about the rubber supply chain.

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All the world's rubber came from plantations in countries that he had limited leverage over and he was worried that these countries could kneecap his operation by cutting off the supply.

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