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Joined 1 year ago
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Cake day: June 13th, 2023

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  • Important to point out that their wealth is largely unrealized gains, that is, only exists in theory. If the stock market / bond market / whatever market crashed, this wealth would largely vaporize. Stock prices are essentially a mass agreed-upon hallucination, as they can be extremely divorced from real assets like industrial machines. It does mean that by controlling these stock etc assets, other people have a harder time getting into this slice of pie and they can do dumb shit like buying Twitter and summarily running it into the ground.