You are viewing a single comment's thread from:

RE: The Drawback Net Worth

in LeoFinance5 years ago

Yes you're quite right. It's a big difference between networth and liquidation of said networth. You sell the value of your network especially if you control a large portion of the economy is going to drop tremendously each time you sell. So right of course you're never going to liquidate your holdings in that capacity.

You may reach some otc deal with someone. Another thing in my opinion this outrageous imbalanced earnings just shows me how much the standard system doesn't work. You take someone like Elon Musk whom i happen to like but much of his success came on the whim of the government bailing him out. So its not so much like he did a big succcesful company or business and got by on his own.

He was almost finished and getting a big government contract he was selected for mind you the government could have selected anybody lol. So that was his come uppings. We have many similar stories where people are prosperous not on so much merit but luck and the government picking winners and nepotism and all sorta stuff.

The problem is those type systems generally at some point have to come to a head. They aren't very efficient in their makeup and so they become big problems later. So no your networth is not really your networth. It's digits and numbers on a screen and if they are to become liquifiable. Then that means in many cases you're probably going to have to make a good product that helps and is useful to alot of people. This is no different in crypto. Right now the crypto market survives on a bubble like speculative push similar to like the old dotcom bubbles but a wise man once told me to make alot of money to have alot of value you gotta help alot of people. Thats what apple and amazon seemingly did i suppose. Iphones and amazon stores lol.

Posted Using LeoFinance Beta