Aren’t extremely wealthy people that wealthy due to the valuation of their stock? IIRC generally the higher the networth, the higher share is kept in stocks
Aren’t extremely wealthy people that wealthy due to the valuation of their stock? IIRC generally the higher the networth, the higher share is kept in stocks
I suspect $$ is just a number for them. Being able to control more resources is the ultimate game. You gotta have zillions of $$ to join the tournament, though.
They can move their wealth from stocks to gold, for example. Look at the price of gold.
Wealthy people are extremely well diversified. Their main risk exposure is to variables that effect the entire market - e.g interest rates.