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That's not quite true. Musk bought one of the largest media platforms in the world and remade it to his whims. There's "fuck you" money, and then there's "fuck
by organsnyder 3y ago
That's not quite true. Musk bought one of the largest media platforms in the world and remade it to his whims. There's "fuck you" money, and then there's "fuck everyone" money.
- godelski 3y agoYeah, there's a non-obvious qualifier there. There's definitely things that Musk can do that those people can't. But the number of things that richer person A can do that poorer person B can't do exponentially decreases based on B's net worth, not on A's. So yeah, Pierre Chen is gonna have a hard time buying Twitter but he's still not going to have a hard time buying a mega yacht, multiple million dollar homes, and could start a space company if he wanted to. We're quibbling over some pretty fine nuances here but from technical correctness I agree that you're correct. Just not in the "practical" (for lack of better words) sense. They're approximately equal. Much more equal than, say, between you/me and John Bogle (created Vanguard: net worth ~80m). I'd say there's even a bigger gap between Bogle and Chen than Chen and Musk. However you define value (things, capital, good life, whatever) is not linearly or exponentially tied to monetary wealth, but that's a sublinear function that looks exponential near the origin.