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re: NIL Crash

Posted on 1/21/24 at 12:36 pm to
Posted by Legionfield
Alabama
Member since Nov 2009
2606 posts
Posted on 1/21/24 at 12:36 pm to
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 by Robot Santa
Member since Oct 2009
44450 posts
Posted on 1/21/24 at 1:00 pm to
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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