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I think it's a lost cause. People don't want to understand. It would shatter their worldview on both net worth of the rich (you can't tax imaginary money) and t
by suddenclarity 3y ago
I think it's a lost cause. People don't want to understand. It would shatter their worldview on both net worth of the rich (you can't tax imaginary money) and their own net worth.
- osti 3y agoMarket value is a basis for most modern accounting and finance theory, so there isn't anything outrageous about it, otherwise people would have changed how finance is taught long ago.
- Nifty3929 3y agoMarket cap isn’t a bad measurement per se, it just doesn’t mean what people think it means sometimes. Or they use it wrong.
- Nifty3929 3y ago+1 on the net worth thing too…