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A comment on The patterns of elites who conceal their assets offshore. Parent comment

Re:The patterns of elites who conceal their assets offshore by WalterBright on Friday July 18, 2025 @11:58AM (#44606243)
Being "denoted in dollars" means the returns are a specified number of dollars. Stocks, on the other hand, are "denoted in shares of the company" and the returns are the change in value of the company.
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Re:The patterns of elites who conceal their assets offshore by hhmc on Saturday July 19, 2025 @07:46AM (#44614696)
The share value is price x shares, so there’s an effective dollar numeraire.

It’s easy to imagine a well performing stock that neverless loses due to a currency shock. Indeed this is why one would typically hedge currency risk if trading a name outside of accounting currency

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