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While I agree that plenty of people (deliberately?) misunderstand how net worth is calculated, what would be the equivalent of “walking out” in this scenario? T
by mypastself 4y ago
While I agree that plenty of people (deliberately?) misunderstand how net worth is calculated, what would be the equivalent of “walking out” in this scenario? Transferring your assets to cash that’s going to be devalued by the government issuing more currency?
It’s become extremely difficult to find an asset that’s both liquid and preserves value nowadays. Is cash the money-est money there is? I’m not so sure.
- digilypse 4y agoPerhaps, exchanging cash for some real utility.
- mypastself 4y agoFor sure, and that’s the “medium of exchange” aspect of it. But it’s still not the best store of value…
- abudabi123 4y agoElon M speaks of things infinite money can't buy. LEO proliferated communication satellites was pretty much not available before SpaceX levelled up the game. ULA is a money magnet on the books.
- mypastself 4y agoIf there’s one thing I’d consider valuable that the man is responsible for, it’s SpaceX. I’m not sure I’d invest in Tesla even at half its current price, but if SpaceX ever went public, I’d be on it immediately.