That’s only true in an old model of individual investors who go to shareholder meetings and stay with a company forever. That’s not how the world has worked for decades and decades.
Most rich people don’t have investments in individual stock. They don’t give a fuck if a company goes bust or not. Their investments are in giving out loans, bonds, funds etc. They park their money in a family office, and their money moves around the world more than an air steward.
If a company’s stock goes down 1% they diversify into other stock. They sell to buy gold.
It really isn’t “worse in the long-term” for them. The wealthy. They are getting richer faster than any other period of history and you think they are dumb…? Not working in their own best interest? Even in the long-term…?
They pay people dozens of millions a year to make them the most money possible forever. People absurdly more intelligent than any of us here. People who would centuries ago be genius scientists.
I’m sure they know what they are doing. And they are winning and we are losing.
That’s only true in an old model of individual investors who go to shareholder meetings and stay with a company forever. That’s not how the world has worked for decades and decades.
Most rich people don’t have investments in individual stock. They don’t give a fuck if a company goes bust or not. Their investments are in giving out loans, bonds, funds etc. They park their money in a family office, and their money moves around the world more than an air steward.
If a company’s stock goes down 1% they diversify into other stock. They sell to buy gold.
It really isn’t “worse in the long-term” for them. The wealthy. They are getting richer faster than any other period of history and you think they are dumb…? Not working in their own best interest? Even in the long-term…?
They pay people dozens of millions a year to make them the most money possible forever. People absurdly more intelligent than any of us here. People who would centuries ago be genius scientists.
I’m sure they know what they are doing. And they are winning and we are losing.