3 ms·
Founders Fund: $3,000,000,000 Invested capital at risk: $20,000,000 (the 'hundreds of millions' is based on how much that investment has appreciated) I think
by kolbe 9y ago
Founders Fund: $3,000,000,000
Invested capital at risk: $20,000,000 (the 'hundreds of millions' is based on how much that investment has appreciated)
I think a more appropriate "first rule" would be don't freak out and over-analyze a risk that represents 1% of your portfolio.
- komali2 9y agoJesus, that is some money right there. Always boggles my mind when something in the value of billions is compared to millions. 20 million is .6% of 3 billion. The math is simple and straightforward but the real world metaphor as applied to cash actually blows my mind.
- realusername 9y agoPeople generally have a hard time to understand the dimension between billionaires and millionaires, they are not in the same category at all.
- mikeash 9y agoA million seconds is a bit under two weeks. A billion seconds is almost 32 years. That helps me put it in perspective a little better.
- eric_h 9y agoI've always found using the unit seconds to be the easiest way to convey the scale of billions vs millions. 1 billion seconds =~ 32 years 1 million seconds =~ 12 days Edit: mikeash beat me to it ;)
- pbw 9y agoI agree by numerical value the difference is huge and under appreciated. But like many things wealth is correctly perceived logarithmically not linearly. There aren't hundreds of shades of gray between a millionaire and a billionaire, there are few steps, I wrote about them here http://www.kmeme.com/2017/11/the-richer-scale.html http://www.kmeme.com/2017/11/the-richer-scale.html.
- oreo81 9y agoIs that a joke?