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> The dude has already lost many more billions of dollars than you or I will ever see. Is it worse to lose a billion dollars when you have two b, or a thousand
by tiagod 4y ago
> The dude has already lost many more billions of dollars than you or I will ever see.
Is it worse to lose a billion dollars when you have two b, or a thousand dollars when all you have is 2k?
- indigodaddy 4y agoI’d say the latter because what you end up with is much more relatively closer to zero. Of course you weren’t losing much in the first place so there’s plenty of argument for the former as well.
- lovich 4y agoThat latter argument ignores the marginal utility of dollars. It is a mental illness to think going from 2 to 1 billion is worse than going from 2k to 1k
- danans 4y agoThe marginal utility of money is a real thing, but it applies to purchase of life basics, like goods, services, and security. The marginal utility of money for power and influence in our societies seems to start a few orders of magnitude above the upper middle class, and so far doesn't seem to bend down very much as money increases.
- sithlord 4y agoTo be fair, to "lose" billions of dollars. Really means putting that money into the economy without any immediate return. Which kinda sounds like a good thing?