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If Putin 'went public' and sold stock in his entire bundle of assets, it wouldn't get a very high market value compared to earnings, cash flow, replacement cost
by byrneseyeview 19y ago
If Putin 'went public' and sold stock in his entire bundle of assets, it wouldn't get a very high market value compared to earnings, cash flow, replacement cost, etc. Too high a risk of expropriation if someone else takes over.
Buffett and Gates have assets valued at a higher multiple, because the US usually doesn't nationalize stuff.
- moog 19y agoThe U.S. doesn't nationalise stuff, but it does invade other countries and re-distribute the wealth!
- byrneseyeview 19y agoGermane and appropriate! After all, one of the biggest differences between Bush and Putin is their attitude towards aggressive wars against Muslims who commit acts of terrorism!