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In fictional paper wealth. If I own 1 billion Chuck-E-Cheese tokens, and you pay me $1 for one of them, current market cap formulas say I'm a billionaire. It
by anoncoward111 8y ago
In fictional paper wealth.
If I own 1 billion Chuck-E-Cheese tokens, and you pay me $1 for one of them, current market cap formulas say I'm a billionaire.
It is thus no wonder that personal fortunes can crash 30-50% in one month when everyone stops bidding on stocks that are valued at 60x earnings.