And now you understand the stock market. Everything is worth something, but it’s only worth what someone will pay for it. If the richest man in the world says he owns 7, the stock soars! But in reality, the stock isn’t worth anything more than it was before. There’s just more dupees in the market now.
I dont understand these numbers, or the value of anything at all it appears
As online commentary states: I sold my car to myself for $1 million.
The numbers don’t mean anything at all.
The IRS wants their cut.
Rich people don’t pay taxes
And now you understand the stock market. Everything is worth something, but it’s only worth what someone will pay for it. If the richest man in the world says he owns 7, the stock soars! But in reality, the stock isn’t worth anything more than it was before. There’s just more dupees in the market now.
This is worth 1,000,000,000 dollars if someone buys it at that price.
Stocks, art, wine, same valuation technique. Slap a sticker price and if someone buys it, that’s the value. Welcome to capitalism.