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I came to make this exact point. It is no surprise that billionaires, whose wealth is tied up in the companies they own large shares of, do worse when the stock
by barney54 6y ago
I came to make this exact point. It is no surprise that billionaires, whose wealth is tied up in the companies they own large shares of, do worse when the stock market falls and better when the stock market rises than people who don't have has much wealth in the stock market.
The worrying part to me of the overall economic situation is that the actions of the Federal Reserve seems to help the stock market much more than the real economy.