4 ms·
Paper value is not the same as realized value, and doesn’t make sense to be included as part of someone’s “fair share”. Especially true when assets are inflated
by ericd 5y ago
Paper value is not the same as realized value, and doesn’t make sense to be included as part of someone’s “fair share”. Especially true when assets are inflated to all time highs. People are willing to buy tiny fractions of Amazon stock at its current valuation, no one is offering to buy all or even most of it at that valuation.
- bradlys 5y agoShort of being in a recession - assets are almost always at all time highs dude.
- ericd 5y agoYes, I'm aware that all-time high prices are pretty normal, like anyone who's spent more than a couple of years investing. The current highs aren't just in nominal price terms, though, but also in a lot of normalized metrics, and that's not so normal.