[GianFabien]

Another example of the error of conflating the purported value of some pieces of paper with real money. It's not like Elon had $200B sitting in a safe and one day it was all gone. That would be a "real loss".

Our capitalist system is more like a visiting a casino. No matter how many chips you win or lose at the tables. The only result that matters is how much money you walk out with.

[mypastself]

While I agree that plenty of people (deliberately?) misunderstand how net worth is calculated, what would be the equivalent of “walking out” in this scenario? Transferring your assets to cash that’s going to be devalued by the government issuing more currency?

It’s become extremely difficult to find an asset that’s both liquid and preserves value nowadays. Is cash the money-est money there is? I’m not so sure.

[abudabi123]

Elon M speaks of things infinite money can't buy. LEO proliferated communication satellites was pretty much not available before SpaceX levelled up the game. ULA is a money magnet on the books.

[mypastself]

If there’s one thing I’d consider valuable that the man is responsible for, it’s SpaceX. I’m not sure I’d invest in Tesla even at half its current price, but if SpaceX ever went public, I’d be on it immediately.

[digilypse]

Perhaps, exchanging cash for some real utility.

[mypastself]

For sure, and that’s the “medium of exchange” aspect of it. But it’s still not the best store of value…