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How else to do it? Don't count debt at all and pretend that if you've borrowed money, you're rich? Calculate EV of that debt - but how and on what timeframe?
by baq 11mo ago
How else to do it? Don't count debt at all and pretend that if you've borrowed money, you're rich? Calculate EV of that debt - but how and on what timeframe?
- simianwords 11mo agoLet’s first agree that it’s misleading. A new born baby has more wealth than bottom 1 million peoples wealth cumulatively according to this metric. That’s ridiculous.
- anal_reactor 11mo agoTime is money, and newborn baby has shitload of time.
- bdangubic 11mo agoPerfect answer!
- Jensson 11mo agoCounting debt makes the poorest person in the world being richer than the poorest 1% combined. That is ridiculous to say, because we intuitively don't read that with negative wealth in mind so you create these very misleading headlines.