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it's quite a fun thought experiment but the guy really needs some lessons in economics. imagine billionaires cashed up all their assets, I doubt they'd get the
by alliao 4y ago
it's quite a fun thought experiment but the guy really needs some lessons in economics.
imagine billionaires cashed up all their assets, I doubt they'd get the full amount, probably 15% of their way into cashing it will crumple the rest due to market confidence etc
- prescriptivist 4y agoThe point isn't to compare if you took all your money out of the bank and put in your pocket vs Warren Buffett doing the same, it's that the proportional every day capital deployment/purchasing power that these people have compared to us is impossibly hard to conceptualize, so you have to start somewhere. This is almost certainly why the thought experiment focuses on menial, everyday purchases.
- notahacker 4y agoOn the other hand, Elon Musk could use his existing assets as collateral to attempt to buy Twitter without offloading much stock, and this web page is talking about tiny amount of disposable income purchases like a cup of coffee (or a few dozen coffee franchises with Elon's free cash)