The first legendary investor (described as being in his 80s) told Groman that 'there are times of wealth accumulation and times of wealth destruction. Getting rich is relatively easy during times of wealth accumulation. Getting poor during times of wealth destruction is also relatively easy. We are in a time of wealth destruction.'
factualpending
Speaker
Luke GromanEvidence Quote
“There are times of wealth accumulation and there are times of wealth destruction. Getting rich is relatively easy during times of wealth accumulation. Getting poor during times of wealth destruction is also relatively easy. And we are in a time of wealth destruction.”
Source
Why is high debt different now v. prior instances of people “fear-mongering” about the debt?— Luke Gromen - FFTT, LLCCreated: 8/11/2026, 7:46:30 AM
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