Even if you've earned $591.000 PER DAY (yes, per DAY), since the year 0 (yes, for the past 2024 years), Elon Musk would still have more wealth than you do.* Yeah... Let that sink in. * Assuming no interest or inflation. - ThreadSky

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cmb.evrimagaci.org • 61 days ago

Even if you've earned $591.000 PER DAY (yes, per DAY), since the year 0 (yes, for the past 2024 years), Elon Musk would still have more wealth than you do.*

Yeah... Let that sink in.

* Assuming no interest or inflation.

Comments

byk.im•61 days ago

Wealth is not liquid unlike your earnings though. Don't get me wrong, I'm not trying to say he's not incredibly rich. Just pointing out the comparison is not really accurate.

cmb.evrimagaci.org•61 days ago

I know. The common argument is, if he sold the stocks, it'd crash so it's not liquid.

Well, let's just say I find that argument extremely childish and misleading.

https://www.wsj.com/articles/elon-musk-sold-more-than-3-5-billion-worth-of-tesla-shares-11671071099?st=Mk9pbr&reflink=article_copyURL_share

cmb.evrimagaci.org•61 days ago

cmb.evrimagaci.org•61 days ago

Also, after a certain level of wealth, the stocks you own become much more liquid than people have been led to believe.

Possibly more liquid than the pesky cash we own, to be honest.

https://www.wsj.com/articles/buy-borrow-die-how-rich-americans-live-off-their-paper-wealth-11625909583?st=EPYjmg&reflink=article_copyURL_share

byk.im•60 days ago

Well, I agree with you for the first one. My line of thought is, one wouldn't just dump the shares to the market. You'd probably find a buyer or sell them slowly so you do have that value.

For the second one, I need a WSJ membership unless you have a free-to-read source? 😅

cmb.evrimagaci.org•60 days ago

Oh, I'm sorry. Normally my subscription allows me to gift articles but for some reason this article doesn't have that option. 😔

alpciftci.bsky.social•61 days ago

Well… that’s my dose of depression today 😂

ottonome.bsky.social•61 days ago

✔️

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