I know one specific individual who had two hundred million dollars in cash back in the early zeroes. While he kept it invested it was not hard at all for him to liquify it.
You'd think this guy would own a lot of stuff but really he didn't. I had quite a hard time figuring out what he found rewarding from all that money. He wanted more of it, but I don't have the first clue as to why.
He drove a very modest car, his office was a complete shithole. I never visited his home but expect it was modest at best.
This fellow was, in the strictest sense of the word, "honest", I mean he didn't steal his money at gunpoint, or sell drugs.
There are a lot of people like him. I expect he would come to regard long-term investments as - for whatever reason - preferable to the commodities he usually traded.
I am not saying all rich people are bad or stole it. But give the article a read.
Also, what I heard is that it's not easy to take out cash out of China into a foreign country, unless you have connections. That makes you think a bit.
You'd think this guy would own a lot of stuff but really he didn't. I had quite a hard time figuring out what he found rewarding from all that money. He wanted more of it, but I don't have the first clue as to why.
He drove a very modest car, his office was a complete shithole. I never visited his home but expect it was modest at best.
This fellow was, in the strictest sense of the word, "honest", I mean he didn't steal his money at gunpoint, or sell drugs.
There are a lot of people like him. I expect he would come to regard long-term investments as - for whatever reason - preferable to the commodities he usually traded.