Re:Buffett Says Stock Ownership Became More Attractive With ...
by tboyd47 on Wednesday January 10, 2018 @11:29AM
(#16116281)
> Someone who's rich wouldn't really notice 10% of their net worth gone.
It depends more on how leveraged your wealth is than on how much you have.
> The entire economy is definitely not as risky as BTC. The economy doesn't see 50% swings in value week-to-week.
Price volatility != risk. A number of people lost everything they owned in 2008. Everything. In fact, I've heard it said that half of the world's wealth disappeared.
It depends more on how leveraged your wealth is than on how much you have.
> The entire economy is definitely not as risky as BTC. The economy doesn't see 50% swings in value week-to-week.
Price volatility != risk. A number of people lost everything they owned in 2008. Everything. In fact, I've heard it said that half of the world's wealth disappeared.