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At some point I guess you run into definitional questions around what counts as wealth or ownership. If you could seize any building in your country at will, do
by oconnor663 6y ago
At some point I guess you run into definitional questions around what counts as wealth or ownership. If you could seize any building in your country at will, do you own all of them? What if you could probably only size a few dozen before people started getting angry about it? Etc.
- int_19h 6y agoThe same goes for stock, though. When we talk about billionaires, most of that money is invested somewhere. So nominally it's worth $X because it's N shares worth $Y each; but if they try to sell them all off rapidly, that would drive the price down. Finding enough buyers might also get tricky.
- handmodel 6y agoI sometimes think this is overrated. Bezos has as much stock as anyone but if he sold it all in the course of a year I don't think it would lose value. Musk probably would - but only so many people on the top of the list (at least I think)are in a position where there company worth would drop dramatically from the founder selling.
- int_19h 6y agoThe real trick is using it as a collateral for loans. So yeah, this is even more complicated in practice.
- Breza 6y agoThat's exactly why successful companies generally have to pay more than their stock value to go private.