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The vast, vast majority of rich people don't have tons of liquid capital sitting around. Most of Elon's wealth is in stock that would tank if he sold it. And y
by leetharris 2y ago
The vast, vast majority of rich people don't have tons of liquid capital sitting around. Most of Elon's wealth is in stock that would tank if he sold it.
And you always want to diversify investment.
- mrastro 2y agoThis is why Bill Gates is in a different tier of billionaire. He's super diversified from his Microsoft shares at this point after slowly selling for years, compared to Elon and others.
- naveen99 2y agoBill lost a lot of money under a couple of philanthropists’ spell (Melinda and Warren). but you have to start spending at some point. Elon is throwing away his wealth into space… Mark is threw away a bunch into augmented reality…