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If you liquidate a billion dollars you have a problem. Where do you park a billion dollars? If you need to liquidate a billion dollars, it is not wealth.
by brudgers 2y ago
If you liquidate a billion dollars you have a problem. Where do you park a billion dollars?
If you need to liquidate a billion dollars, it is not wealth.
- Jeremy1026 2y agoIf you are simply looking to put it somewhere, likely government bonds. Hedge yourself against inflation and call it a day.
- brudgers 2y agoBonds mature. In a few years you have to figure out where to park the billions. Land persists. In a hundred years the land will still be there growing grapes or grazing cattle. If you are hedging inflation, it’s not wealth. Don’t misunderstand me, I get where you are coming from. It is not the world of wealth. On the timeline of civilization capitalism is a recent innovation. Wealth is as old as civilization. Thinking about wealth with capitalist assumptions obscures wealth’s mechanisms.
- Jeremy1026 2y agoYou park them back into more bonds, more accurately, your "money guy" buys more bonds with them. Once you're into _illions on hand, you no longer have a direct hand on your money.
- brudgers 2y agoI doubt the Windsors do bonds. But I could be wrong.