4 ms·
I honestly think your underestimating the amount of wealth stored in private companies, real-estate, art and other il-liquid assets
by cascom 6y ago
I honestly think your underestimating the amount of wealth stored in private companies, real-estate, art and other il-liquid assets
- theplague42 6y agoDividends? Rental income? People own these things for a reason and it's not necessarily just raw capital appreciation.
- cascom 6y agoMy point is that many entrepreneurs have the majority of their wealth tied up in their business, and many people that may be worth 30m might have 10m of that in personal real estate - all of which is hard to value precisely without trying to sell it.