I’m pretty sure that’s how it goes for most wealthy people. It’s all tied up in assets, not liquid cash. Investing your money is always better for growth in the long term.
He’s in the news because he’s become a laughingstock. All news isn’t good news. I certainly don’t think he wants news that continues to convince people that he’s an utter idiot and waste of space.
tying up in assets such as property, land, etc. has real value though. you can sell a huge amount of land without the land losing value because of the sale, but you can’t sell a huge amount of stock without the value collapsing while selling it off.
any exposure is good exposure. investors don’t normally run away just because you earn yourself notoriety, they usually do the opposite - because the market is entirely made of make belief and fairy dust.
He’s so wealthy he could personally go to your neighborhood and “Mansa Musa” your place into inflation. He could just drop $10,000,000 per person to get up and leave whatever square mile surrounding your residence right now.
Assuming avg population density for a city in the US that’s only $2.8billion (~280 ppl/mile in cities). Not even a scratch to his total net worth.
A single person with that much wealth and power doesn’t require any attention to retain it. He’ll keep coming out on top because it’s nearly impossible not to when you reach a large enough number.
he doesn’t actually have his wealth. it’s estimated stock value; which would cascade to nothing the minute he tries to extract it. all he can do is borrow with stock as leverage; which would net him a lot of money sure; but there is no way they would approve billions in a loan unless he is very very specific on the investment goal.
What makes you think talking about him on Lemmy will have any effect on Twitter? Most of us aren’t even on Twitter.
Things that are only relevant, because they are relevant, are not actually relevant. It’s fluff dressed in a suite.
Like they say, fashion is only fashionable because others thinks others thinks it’s fashionable.
As long as everyone keeps talking about Musk all over the place, he’ll keep coming out at top.
I’m pretty sure he’s on top because he’s the richest man in the world and ignoring him won’t change that.
he isn’t the richest man in the world. his “wealth” is stock. not actual money. and he can’t actually use that for anything but leverage.
he is small fry in the world of the actually rich; people just give him the limelight because of notoriety.
I’m pretty sure that’s how it goes for most wealthy people. It’s all tied up in assets, not liquid cash. Investing your money is always better for growth in the long term.
He’s in the news because he’s become a laughingstock. All news isn’t good news. I certainly don’t think he wants news that continues to convince people that he’s an utter idiot and waste of space.
tying up in assets such as property, land, etc. has real value though. you can sell a huge amount of land without the land losing value because of the sale, but you can’t sell a huge amount of stock without the value collapsing while selling it off.
any exposure is good exposure. investors don’t normally run away just because you earn yourself notoriety, they usually do the opposite - because the market is entirely made of make belief and fairy dust.
You can sell off stock assuming you’ve diversified. You are right though that for a company you personally own through stock you can’t.
And I mean, all this news should be more enough to keep investors from working with Musk. What idiot is going to trust him with money?
He’s so wealthy he could personally go to your neighborhood and “Mansa Musa” your place into inflation. He could just drop $10,000,000 per person to get up and leave whatever square mile surrounding your residence right now.
Assuming avg population density for a city in the US that’s only $2.8billion (~280 ppl/mile in cities). Not even a scratch to his total net worth.
A single person with that much wealth and power doesn’t require any attention to retain it. He’ll keep coming out on top because it’s nearly impossible not to when you reach a large enough number.
he doesn’t actually have his wealth. it’s estimated stock value; which would cascade to nothing the minute he tries to extract it. all he can do is borrow with stock as leverage; which would net him a lot of money sure; but there is no way they would approve billions in a loan unless he is very very specific on the investment goal.