yeah, that's fair. But that's how we count... it's misleading for the masses, agreed; but those of us in the weeds know that [market cap = quantity x marginal price] doesn't _actually_ mean that the "market cap" in any real sense is that. See bitcoin, gold, stocks, houses or literally _anything_.

I agree that he can get massive liquidity from it 

but my main point is that he's not actually worth $x trillion because you can't actually sell all your shares at the current market price

SimpleStacker

there's something called diminishing returns,

It's also the same fallacy that people who think a billionaire's net worth means they can actually liquidate that net wroth into cash.

Contrarian point here: I actually side with the Zucmans of the world. We have a functional financial system... that Elon can't/shouldn't 

 Tesla shares doesn't mean he can't unleash tons of liquidity from them. 

(It was my hatred for boomers that finally made me see this; the fact that you're asset-rich-income-poor is immaterial in a world with functional banking system and financial markets)

Stacker_Stocks

econ

The Insatiable Demand for Alpha (Net Interest, Marc Rubinstein)

denlillaapan

> there's something called diminishing returns,

WHAT?! 

Unbelievable. What a concept!

---

> It's also the same fallacy that people who think a billionaire's net worth means they can actually liquidate that net wroth into cash.

Contrarian point here: I actually side with the Zucmans of the world. We have a functional financial system... that Elon can't/shouldn't _sell_ Tesla shares doesn't mean he can't unleash tons of liquidity from them. _Ergo_: point pretty irrelevant.
(It was my hatred for boomers that finally made me see this; the fact that you're asset-rich-income-poor is immaterial in a world with functional banking system and financial markets)