Newfie wrote:If they have, they haven’t spent it.
If you bought Apple at $10/ share, but now it’s trading for $200/share you have greatly increased your prospective wealth. But all you invested was $10. The other $190 is just sitting there. And if Apple shares drop, that prospective wealth vanishes. But it’s not like you invested $200 and it’s doing something.
GHung wrote: Other, more informed, players retreat into compartmentalized-cum-specialized endeavors,, avoiding big-picture-related cognitive dissonance. Some may call this 'maintaining one's sanity', but in reality it's the exact opposite.
Trying to keep the monsters under the bed?
Newfie wrote:Humans are top level predators.
Among humans there are also top level predators.
We call them billionaires.
They call us lunch.
Cog wrote:I'm not sure how it would improve matters for the rest of us, if every billionaire disappeared tomorrow.
Cog wrote:Evidently the masses in the third world don't think it's such a great deal to live in the third world since we have to build a wall to keep them out.
Ibon wrote:Cog wrote:Evidently the masses in the third world don't think it's such a great deal to live in the third world since we have to build a wall to keep them out.
98% of residents in Central and South America have zero and I mean zero desire to go the US.
Where are you getting your information?
I think you need to take that trip to Guatemala.
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