Quote:
Originally Posted by Cloudsweeper99  That's a completely incorrect way of thinking. By that way of thinking, Bill Gates and Warren Buffett could not be considered wealthy unless and until they sold their respective shares in Microsoft and Berkshire Hathaway. The conversion to cash has nothing to do with wealth creation. |
Au contrare! Microsoft and Berkshire Hathaway pay dividends
In one sense you're correct...selling has nothing to do with
Wealth Creation, but it has everything to do with
Actual Wealth. That's why, in stock market circles, selling is called "Profit Taking".
Take the housing market, for instance...someone says, "My house is worth $500,000"...no it's not; it's worth a house. It's only worth $500,000 if you find someone willing to give you $500,000 for it and you actually close the deal.
My house appraised for 35% more two (2) years ago...but it's still the same house. The potential for wealth (in dollar terms) has changed, but the actual wealth hasn't.
I had the same silver I have now when silver was $20/Oz. It's still the same silver...PM me if you want to buy it @ $20/Oz
...see my point?
Hybrid Mode
