I think you are off the truth there LJ. Musk could sell huge chunks of his stock, even a majority of it, to willing buyers and buy gold with the proceeds or just start spending it on wine women and song or yachts etc. So it is real wealth as long as some people think Tesla will actually deliver in the long run. The stock price today is not set by the last quarters sales and profits but what investors think the company will do five or ten years down the road. And a lot of the worlds wealth is in the stock of established companies that have delivered profits per share year on year for decades. There are some long shots like Tesla and some pretty safe bets like Caterpillar or Microsoft and the winners will in almost all years out perform the few losers.Little John wrote:Monetary wealth is just a lever or power. But, that only remains true so long as the majority is not materialized. Because, as soon as it is, we all get to find out how much it is really worth.
Place your bets accordingly and never bet the rent.