Tweet
And you know what? Lets say you were one of those "paper millionairs" created when that new internet social media app went public (was it post it? snap chat?
).... I would love to hear when the first of these "millionairs" can go, put in an order, and cash that stock out for cash. Or to put it another way: There are stipulations to be followed and a certain allowance for when and how many shares can be converted by these "millionaires."
There are also stipulations that say things like "if you, mr millionaire, has an inkling the company is failing? you cannot short the stock
and, you can sell ____many shares every year. When Enron, an energy services company crashed and burned there were many paper millionaires who could not cash in a share to buy one of beercules grill cheeses!!...without the butter and all!!!
Enron was not profitable it was collusion.
So...yes indeed! when someone has a business, or a trademark name that is worth a fortune it makes a big difference because liquidity is often the cornerstone of wealth...and real tangible assets, and as you say, the ability to sustain providing a product or service, is real wealth.
That is why Rich people own businesses... and not sexy businesses like record companies, or promotional companies, but businesses that have real value, assets worth money and a business name trademarked legally.
).... I would love to hear when the first of these "millionairs" can go, put in an order, and cash that stock out for cash. Or to put it another way: There are stipulations to be followed and a certain allowance for when and how many shares can be converted by these "millionaires." There are also stipulations that say things like "if you, mr millionaire, has an inkling the company is failing? you cannot short the stock
and, you can sell ____many shares every year. When Enron, an energy services company crashed and burned there were many paper millionaires who could not cash in a share to buy one of beercules grill cheeses!!...without the butter and all!!! Enron was not profitable it was collusion. So...yes indeed! when someone has a business, or a trademark name that is worth a fortune it makes a big difference because liquidity is often the cornerstone of wealth...and real tangible assets, and as you say, the ability to sustain providing a product or service, is real wealth.
That is why Rich people own businesses... and not sexy businesses like record companies, or promotional companies, but businesses that have real value, assets worth money and a business name trademarked legally.
Comment