I’m not disagreeing with you or defending obscene wealth but I think he’s trying to say that this $1 trillion is similar to everyone’s 401k’s. If we all tried to go and collect the value of these stocks, we’d all find out that there isn’t actually anything there. There’s no actual tangible value backing any of this other than perception and demand.
In the man made construct of wealth we’ve decided he has a made up wealth of $1 trillion. What’s your counter argument? I want it.
I’m not disagreeing with you or defending obscene wealth but I think he’s trying to say that this $1 trillion is similar to everyone’s 401k’s. If we all tried to go and collect the value of these stocks, we’d all find out that there isn’t actually anything there. There’s no actual tangible value backing any of this other than perception and demand.
Read up on assets, illiquidity, the definition of net worth, literally anything from basic finance