4 ms·
I dont have a revelation what so ever. I think 80%+ of HN users easily know about this. But there are some that dont. It's not a bad idea to just throw out, eve
by NoOneNew 6y ago
I dont have a revelation what so ever. I think 80%+ of HN users easily know about this. But there are some that dont. It's not a bad idea to just throw out, every now and then, a simple explanation for people to start of a rabbit hole education on the topic who are unaware. Also, to me, it's interesting to think about in terms about how fragile and kind of weird weath perception is. We think Musk is the "richest", but it's not like he is rich enough to move that amount of money around at his whim. I bet there are lower tier rich people with more cash that in a practical aspect, we would think of richer when it comes to speed of use. Like, if you needed to borrow $1k from a friend to help for rent/mortgage next week. Who can help you faster, the one with $1k in hand or the one with $10k in assets and can get you the $1k in 2 weeks after unloading (a little hyperbolic, I know)? I'm not saying one is better than the other either. What is more useful, $100k in a safe or a $100k Haas CNC mill? I say the cnc. But you can say the 100k in cash has better opportunity potential, especially if the cnc doesn't work out, including the immediate 25% devaluing since it's now "used". Which is true too. Again, no revelation. Just interesting to remind yourself from time to time and if someone doesn't know about this already, it's nice to enlighten them. Plus the idea of money and value gets super weird when you realize how easy it is to manipulate.