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If I have say... cars as a hobby. Turbochargers, wheels, parts, say I spend 20% of my disposable income on it and I have a good portion of my net worth tied int
by MuffinFlavored 3y ago
If I have say... cars as a hobby. Turbochargers, wheels, parts, say I spend 20% of my disposable income on it and I have a good portion of my net worth tied into it as well (the cars themselves, the parts, etc).
Elon Musk spending $44b (which I don't think he did as all cash all at once/financed some) of his $250b net worth is like 17.5%
Even if it makes $0/goes to $0, it's just basically his hobby/a passion project for him, no? Should his goal be to make money/not lose money at an enormous scale? Probably. But he's obviously eccentric. Isn't this kind of on-brand for him?
He probably thinks he's better than most people. "Your hobby is tennis, my hobby is international social media platforms".
- netsharc 3y agoI don't think it's even a hobby, it'd be like you being forced (by an impending lawsuit and discovery proceedings) to spend 20% of your money buying a junker car you don't particularly like, because you couldn't resist keeping your mouth shut. It's not even all his money, a lot of it is loans from banks who won't take his call the next time he rings...