Quote:
Originally Posted by Basanos
[You must be logged in to view images. Log in or Register.]
Stocks aren't free. And I'd argue that they're not all that valuable unless you sell them, I guess. I don't know the nerd terms but if your stock plummets to x value, assuming you don't sell it, it may not matter as much since you haven't realized that loss. I think that's what all the crypto nerds mean when they talk about hodl, but figuring that out would require engaging crypto nerds in conversation and I don't like to do that.
I have no idea if a billionaire can, like, prove they have $1b worth of stocks in a company and then get a loan out against those stocks for some liquid cash without selling them. I bet there's multiple ways to make those assets into actual spendable money.
|
Good instincts, that's exactly what Elon does for walking around money.
But he 'loses money' in the process, because it's a loan... Ow ow brain hurting words.