Tony Romeo, a pilot and former U.S. Air Force intelligence officer, told the Wall Street Journal that he funded the $11 million search by selling off his commercial real estate properties.
Well, it’s as good a time to sell off commercial real estate as any. I can’t help but wonder if the search actually cost as much as his investment cash-out, or if this is just a smokescreen to cash out without getting in the news for cashing out.
I doubt very much that this was a smokescreen. These types of search expeditions are fabulously expensive, it’s a little surprising that it only cost $11 million tbh. That’s partly why we’re still not searching for MH370 (I think? Idk, too lazy to check); world governments have already spent an ass-ton of money searching for the wreckage without many good clues bring a realistic search zone into focus.
I think the implication is the appearance of doing it for a good reason, rather than the timing implying that they want to pull out right now to get theirs at the expense of anyone still left in.
The stock market doesn’t create money from nothing, it’s people with good timing taking money from people with bad timing. When someone cashes out, it slightly hurts all other holders and the company itself. The bigger the cash out, the more it hits the rest. A big enough cash out can also trigger more people to do the same.
Basically, getting rich on the stock market, just like almost every other way of getting rich, comes at the expense of other people. It’s just a bit easier to handle since you’ll likely never meet or even hear about the people you hurt. So it’s easier for people to stomache, or pretend it isn’t their problem.
Where indeed would that money come from. It hasn’t come from anywhere yet.
If someone were to try to pull that money out, it would certainly have to come from somewhere. And my bet is it’ll be the same as the rest of the stock market, it’ll come a little bit from each other person that didn’t pull out yet.
If anything it just sounds like that is a bubble that pretty much has to burst at some point and really fuck over the vast majority of people participating if it literally can’t possibly be realized. I would stay away from anything that has bloated to a theoretical value that is beyond possible.
Well, it’s as good a time to sell off commercial real estate as any. I can’t help but wonder if the search actually cost as much as his investment cash-out, or if this is just a smokescreen to cash out without getting in the news for cashing out.
I doubt very much that this was a smokescreen. These types of search expeditions are fabulously expensive, it’s a little surprising that it only cost $11 million tbh. That’s partly why we’re still not searching for MH370 (I think? Idk, too lazy to check); world governments have already spent an ass-ton of money searching for the wreckage without many good clues bring a realistic search zone into focus.
Do people generally need a smoke screen when they sell their (assumedly) legitimate investments for profit…?
How would funding a very public search be used as a method for staying out of the news?
I think the implication is the appearance of doing it for a good reason, rather than the timing implying that they want to pull out right now to get theirs at the expense of anyone still left in.
The stock market doesn’t create money from nothing, it’s people with good timing taking money from people with bad timing. When someone cashes out, it slightly hurts all other holders and the company itself. The bigger the cash out, the more it hits the rest. A big enough cash out can also trigger more people to do the same.
Basically, getting rich on the stock market, just like almost every other way of getting rich, comes at the expense of other people. It’s just a bit easier to handle since you’ll likely never meet or even hear about the people you hurt. So it’s easier for people to stomache, or pretend it isn’t their problem.
The derivatives market is valued around 1,000,000,000,000,000 USD, around ten times the world’s GDP. Where’d that come from then?
Where indeed would that money come from. It hasn’t come from anywhere yet.
If someone were to try to pull that money out, it would certainly have to come from somewhere. And my bet is it’ll be the same as the rest of the stock market, it’ll come a little bit from each other person that didn’t pull out yet.
If anything it just sounds like that is a bubble that pretty much has to burst at some point and really fuck over the vast majority of people participating if it literally can’t possibly be realized. I would stay away from anything that has bloated to a theoretical value that is beyond possible.