3 ms·
> So it doesn't really ever make sense to compare net worth, market cap etc to GDP. another nitpick, stock-to-flow comparisons can indeed make sense, eg "retur
by t_mann 3y ago
> So it doesn't really ever make sense to compare net worth, market cap etc to GDP.
another nitpick, stock-to-flow comparisons can indeed make sense, eg "return on X" measures. they are also fairly common in the context of GDP, e.g. debt-to-GDP ratio, total banking assets or mcap as a percent of GDP,...
it's just this particular comparison that might not make too much sense. but since many countries have a debt-to-GDP ratio in the ballpark of 50-100%, you could try to infer from that statement that he could have singlehandedly paid down the entire sovereign debt of some smaller nation states. or he could have funded their entire education or total government budgets for several years. which does give a sense of how much wealth this was (on paper)