We're about to witness the greatest wealth transfer in history. Create a depression, depress asset valuations, buy assets from desperate people for pennies on the dollar. IIRC, Musk pretty much laid out this plan before the election.
But his wealth is overwhelmingly in the form of assets. If his Balance Sheet looked like Warren Buffet's balance sheet with a large and growing cash position, sure, maybe that could work, but it doesn't.
11 comments
[ 3.1 ms ] story [ 42.4 ms ] thread> unless the U.S. rows back on its plans
Shouldn't that be "rolls", or am I showing my ignorance?
https://en.wiktionary.org/wiki/row_back
Looks to me like "it's a typo" could be true or false, or just lucky.