This comment here is kinda incredible at being "technically correct". The argument is "That's not always true, it only hold for 99.99% of the time".
As in even if you're in the 99.99% OPs reasoning still holds. And yet so much time on this site is spent arguing on behalf of the .001% Ie people with way above $400 million in net worth.
You realize you're talking about fewer than 3000 people in the entire USA. Why is this even worth discussing? And that's still assuming they're putting all of their net worth into a single investment which they aren't.
This is so far from the point of being discussed it's a complete distraction. The epitome of "well actually...".
It's not just 3000 people. My comment is relevant for entities like pension funds, mutual funds, hedge funds, insurance companies that have to allocate their float, conglomerates like Berkshire hathaway, and those "negligible" 3000 people that account for probably a quarter or higher of personal investment.
This comment here is kinda incredible at being "technically correct". The argument is "That's not always true, it only hold for 99.99% of the time".
As in even if you're in the 99.99% OPs reasoning still holds. And yet so much time on this site is spent arguing on behalf of the .001% Ie people with way above $400 million in net worth.
You realize you're talking about fewer than 3000 people in the entire USA. Why is this even worth discussing? And that's still assuming they're putting all of their net worth into a single investment which they aren't.
This is so far from the point of being discussed it's a complete distraction. The epitome of "well actually...".