4 ms·
It's probably obvious but the more they have then the more they spend (as a share of total spend) on appreciating rather than depreciating assets. The appreciat
by jbs789 1y ago
It's probably obvious but the more they have then the more they spend (as a share of total spend) on appreciating rather than depreciating assets. The appreciating assets often aren't visible - stakes in companies for example. (But sometimes they are, such as real estate.)