[ghaff]

That's sufficiently indirect and diffuse that I don't really believe it. That's a bit like Amazon is a non-trivial part of my stock portfolio even through index funds so I'm going to make us go all-in on AWS for that reason (as opposed to other herd-following reasons that may be good or bad).

Especially among execs who have so much wealth that commercial real estate holdings, much less the ones they can directly influence, are in the noise.

[bugglebeetle]

An individual investor has nowhere near as much sway over masses of other people as the business owners we’re describing here, so this analogy doesn’t hold. If you could invest in Amazon while simultaneously forcing others to spend millions on their services, you probably would!