Good breakdown,… The chance of her or anyone with that kind of dough having $500mm sitting in a checking or savings account or ten thousand of them is pretty slim though. Her wealth is invested. I think the FDIC part, while interesting to analyze, is irrelevant - much more likely she had a big pile of the stock, and now it’s worthless. It’d be interesting to dig deep into regular mutual funds of normies to see if their 401ks ate some dookie because of this, I’m sure they did. “Hey bud, got a 401k at work? You just ate some loss from this too. Look!”
I’m sure we’d get glazed over eyes in return just like every other truth we deal with here.
Good breakdown,… The chance of her or anyone with that kind of dough having $500mm sitting in a checking or savings account or ten thousand of them is pretty slim though. Her wealth is invested. I think the FDIC part, while interesting to analyze, is irrelevant - much more likely she had a big pile of the stock, and now it’s worthless. It’d be interesting to dig deep into regular mutual funds of normies to see if their 401ks ate some dookie because of this, I’m sure they did. “Hey bud, got a 401k at work? You just ate some loss from this too. Look!” I’m sure we’d get glazed over eyes in return just like every other truth we deal with here.
Up vote purely for "ate some dookie."