“None of the billionaires you’re no doubt thinking of right now are actually worth what Forbes or anyone else says they’re worth. They have the same problem your uncle had, which is liquidity. If any of those billionaires tried to cash out, they’d crash their stocks. If they tried to sell all the companies they owned outright, they’d sell most of them for substantially depressed prices. What anyone’s actual worth is, is what they have or could make liquid now. Most of those ‘billionaires’ would be lucky to realize five percent of their presumed worth.”
