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> So what should happen to your assets when the total of their market capitalization crosses the $1B line? People who created enormous value in the past were r
by tartoran 6y ago
> So what should happen to your assets when the total of their market capitalization crosses the $1B line?
People who created enormous value in the past were rich but not filthy rich and that was not their goal in the first place. Most of them were happy enough to be paid back in respect, recognition, credit, fanfare, veneration etc..
- imgabe 6y agoI'm sorry, what? What people are you referring to? I've read a fair amount about the gilded age robber barons and such. They were definitely not content to be paid back in "respect, recognition, fanfare". In fact that is more of a distraction and nuisance, and occasionally a liability or danger. The sorts of business practices used in the past to amass and keep wealth make anything today look like kiddie stuff.
- tartoran 6y agoYep
- sumedh 6y ago> but not filthy rich What is your definition of filthy rich?
- old-gregg 6y ago> People who created enormous value in the past were rich but not filthy rich Rockefeller's net worth was about 2% of US GDP. IIRC, that's still a record.