Thursday, July 22, 2021

Wealth Porn

Forbes wants you remember how wonderful money is and who has the most of it, all the time. Famous for its annual Forbes 400 list of richest Americans, the business magazine now provides daily updates on the changes to the wealth of the 0.0001%. Yes, the "Real-Time Billionaire's List" is a real thing that is updated every day at 5p based on the prior trading day's action.


So, Jeff Bezos had a pretty, pretty, pretty good Wed up $2.7B, Elon Musk not so much, down $1.2B. Regardless, these numbers are mind-boggling...basically Monopoly money to the rest of us.

No comments:

Post a Comment

Private Credit Teeters on the Edge

In our last post we wrote about the cracks in private credit that began to show in February. A large swath of semi-liquid, non-traded BDCs,...