Comment by cyanydeez
4 days ago
So, for one: the stockmarket is now the equivelent of bitcoin; just a figment of value where rich people drive up costs. Just like a car is _invaluable_ to you not because of it's material value but because what it does out strips it's raw goods, facebook is mostly a bunch of tiny bubbles.
So you ask yourself, _if this thing disappeared tomorrow_, what would be the actual loss. It's definitely not it's valuation.
The ranch in hawaii is a real asset...
It could certainly not fund Hawaii’s department of education for a single year. And what would you do the next year after selling it and spending the money?
Move on to the next valuable thing he owns? Sell that, rinse and repeat until it's all gone? Doesn't seem difficult..
1 reply →
use it for housing more than 1 person.