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re: NIL Crash
Posted on 1/21/24 at 12:36 pm to Robot Santa
Posted on 1/21/24 at 12:36 pm to Robot Santa
quote:
People with net worths in the billions don't expect to see a return on the money they spend on hobbies.
By the same token those people didn’t get rich by blowing money either….
Posted on 1/21/24 at 1:00 pm to Legionfield
Sure, but we're not talking about the version of Jeff Bezos that just ran a website that sold books online. We're talking about the version of Jeff Bezos that is the head of a massive international retail conglomerate with a presence in practically every space. If anyone is expecting the market to simply correct itself on this they're going to be sorely disappointed. Economic principles fly out the window on the vanity projects of the obscenely wealthy. That fatass lumber salesman would consider it a good investment if he spends $25 million on Auburn football players and the only thing he gets back is a national championship because wins are the return they're after, not money.
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