any_memes_necessary@lemmy.world to Political Memes@lemmy.world · 2 days agoand it still didn't work lmaolemmy.worldimagemessage-square18fedilinkarrow-up1506arrow-down14
arrow-up1502arrow-down1imageand it still didn't work lmaolemmy.worldany_memes_necessary@lemmy.world to Political Memes@lemmy.world · 2 days agomessage-square18fedilink
minus-squareShellMonkey@lemmy.socdojo.comlinkfedilinkEnglisharrow-up45·2 days agoWhen you have a couple hundred billion this is couch money. Good to hear he lost but that this is even possible is a problem.
minus-squareMNByChoice@midwest.sociallinkfedilinkarrow-up15·2 days agoTo help add context. At the “4% Rule” with $100 Billion, he can spend $4 Billion per year. He is making way more than 4% + inflation, so can spend even more.
minus-squareLastYearsIrritant@sopuli.xyzlinkfedilinkEnglisharrow-up11·2 days agoI don’t think the 4% rule applies the same way when it gets to that point. His spending affects the market. A “normal” investment assumes they are irrelevant to the market. I don’t know how this changes things, but having to lean on TSLA stock when he owns so much of it impacts how much TSLA stock is worth. Again, maybe it really doesn’t matter, but you can’t apply standard economics when the numbers are this big.
When you have a couple hundred billion this is couch money. Good to hear he lost but that this is even possible is a problem.
To help add context.
At the “4% Rule” with $100 Billion, he can spend $4 Billion per year. He is making way more than 4% + inflation, so can spend even more.
I don’t think the 4% rule applies the same way when it gets to that point.
His spending affects the market. A “normal” investment assumes they are irrelevant to the market.
I don’t know how this changes things, but having to lean on TSLA stock when he owns so much of it impacts how much TSLA stock is worth.
Again, maybe it really doesn’t matter, but you can’t apply standard economics when the numbers are this big.