• Sam_Bass@lemmy.world
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    2 hours ago

    just on paper and could sink at any time depending on market forces, since it is calculated from his many industrial holdings rather than base liquidity

    • RememberTheApollo_@lemmy.world
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      2 hours ago

      So what? The “on paper” argument is utter bullshit and only belongs to the ignorant, the pedantic, and the sycophant. That “paper” wealth is leveraged into actionable wealth and material goods. Whether or not it is in holdings other than cash is irrelevant.