Free Ebook.

Enter your email address:

Delivered by FeedBurner

« Back-Stabbing from the Grave | Main | Psychopaths Could be Best Financial Traders »

September 23, 2005


Feed You can follow this conversation by subscribing to the comment feed for this post.

It is because the wealthiest Americans (Bill Gates, Warren Buffett, etc.) have the majority of their wealth in paper. Not in cash. And paper wealth is a lot harder to cash in than an annual salary.

For example: Bill Gates has 100,000,000,000 shares of Microsoft in his personal net worth. Times the current price ($30 or $40, whatever) means this portion of his net worth is $30 billion-ish.

Could Bill Gates liquidate 100 billion shares of Microsoft in a day-- considering that the average is 66 million shares that trade? He has 100,000,000,000 shares, but on average only 66,000,000 are bought each day. Are you crazy? Know what it would do to the stock market?

That is the difference between paper worth and cash worth. And what confuses so many Americans.

yes, as i hv said on numerous occasions, too many of us r more concerned w looking prosperous to actually achieve prosperity. there is an over emphasis on immediate gratification & an unwillingness to engage in any self sacrifice or self denial. credit was developed to enable weak minded people to spend money they havn't earned yet.

how many people believe thats a pathway toward wealth building?

The comments to this entry are closed.

Start a Blog


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.