8 ms·
Even if only 5% of his NW is in cash, that'd be $50billion dollars in actual liquid cash. Even if it's 1% or less, he almost certainly has over $1bn in cash or
by mashlol 3mo ago
Even if only 5% of his NW is in cash, that'd be $50billion dollars in actual liquid cash. Even if it's 1% or less, he almost certainly has over $1bn in cash or practically liquid cash. That's already a dragon's hoard.
- WalterBright 3mo agoOnly a moron would hold $50b in cash, and certainly not one who understands finance. There are no Scrooge McDuck cash vaults.
- smallmancontrov 3mo agoWhich is why the term "cash," to those in finance or familiar with its lingo, is understood to actually mean "short term treasuries" and other things you would find backing a money market account, unless the context very specifically calls for distinguishing those two things.
- WalterBright 3mo ago"actual liquid cash"
- stymaar 3mo agoIf you can buy a $44B company on a whim, then what you hold is indistinguishable from cash.
- WalterBright 3mo agoNot true at all. You can borrow against stocks easily.
- stymaar 3mo ago[flagged]
- WalterBright 3mo ago[flagged]
- stymaar 3mo ago[flagged]
- WalterBright 3mo ago[flagged]
- stymaar 3mo ago[flagged]