4 ms·
Rich is how much money you own. Power is how much money you control. They’re not as closely linked as you think. A managing partner of a $1B fund is more pow
by zhoujianfu 5y ago
Rich is how much money you own.
Power is how much money you control.
They’re not as closely linked as you think.
A managing partner of a $1B fund is more powerful than a person worth $10B on paper whose wealth is all tied up in a minority position in a company they are unable to sell the shares of.
Or consider the power of Biden vs his personal net worth.
- robertlagrant 5y agoThat's why being worth something on paper is not the same thing as money.