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by mapleoin 4795 days ago
> A notional profit of $500 million in 24 hours isn't too shabby.

It's not a 24 hours profit. He didn't buy that stock yesterday, nor could he have without making the price go a lot higher than 70$. You can't judge his profit on the short term.

1 comments

That's why I called it a notional profit and repeatedly referred to his net worth as 'on-paper'. Was that not obvious?

It's clear he doesn't have an extra $500mm in a checking account.

Yeah, sorry, I skipped over the 'notional' in your comment.
Yeah, thats correct. I dont know why he misread "notional"