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It makes sense to me because Elon or Bezos couldn’t cash out a fraction of their stock without crashing it. I’d be interested in who is truly wealthy and liqui
by JohnJamesRambo 4y ago
It makes sense to me because Elon or Bezos couldn’t cash out a fraction of their stock without crashing it. I’d be interested in who is truly wealthy and liquid and diversified.
- whimsicalism 4y agoWealthy and diversified is different from holding a bunch of cash.
- JohnJamesRambo 4y agoThis is true but holding cash while this happens isn’t great either. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL I guess I’m looking for who is exceeding inflation and still making gains while not exposed to being decimated by a stock crash and definitely not almost all their net worth tied to one stock of a business they own.
- whimsicalism 4y agoAdd a chart with monetary velocity next.
- z3t4 4y agoI guess the most wealthy man is the one who can get the biggest loan? The stock market however is an inflated balloon, if you just look at revenue the stock is mostly air/speculation.
- lupire 4y agoIt's a good thing to wonder about, but it's like asking the exact position of an electron at a given time. There will never be a single numerical answer.
- thrill 4y agoSure they could cash out without going through the public market. It's "easy enough" to arrange sales of large numbers of shares in private transactions. For Musk levels of money there's have to be more than a few such arrangements. Depending on the buyer's desire for that stock, it can even be profitable, as they similarly couldn't publicly buy such a large quantity without wild market swings.