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🔗 Why the super rich are inevitable - A model of wealth accumulation. Of late, I’ve been curious about rethinking owning stock as part of net-worth for the super-rich. Stock in public companies is certainly real, but at high levels it’s not exactly as liquid as cash. And, it can go down dramatically fast. If your net worth is measured by stock, your net worth is more theoretic than real? And if it halves in value, was that value ever there in the first place?,, @cote