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1. paxys+(OP)[view] [source] 2022-12-16 03:08:56
He has lost 40% of his net worth (over $110 billion) so far this year largely because of this one deal. Truly one of the most disastrous business decisions of all time.
replies(3): >>hinkle+22 >>Gaylor+93 >>ramesh+P4
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2. hinkle+22[view] [source] 2022-12-16 03:18:53
>>paxys+(OP)
<Donald Trump has entered the chat>
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3. Gaylor+93[view] [source] 2022-12-16 03:25:04
>>paxys+(OP)
Who said it was a business decision on his part? If Elon Musk just tried to make money, do you think this is the way he would behave?
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4. ramesh+P4[view] [source] 2022-12-16 03:33:29
>>paxys+(OP)
TBF anyone who has their net worth almost entirely tied up in the US stock market has seen their wealth decrease by nearly 40% in the last year.
replies(3): >>paxys+G5 >>paulpa+g7 >>EFreet+Di
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5. paxys+G5[view] [source] [discussion] 2022-12-16 03:38:43
>>ramesh+P4
The market is down ~15% this year. 40% is massive underperformance compared to it.
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6. paulpa+g7[view] [source] [discussion] 2022-12-16 03:47:16
>>ramesh+P4
Not at all. the S&P 500 only down 20%, dow down just 10%.
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7. EFreet+Di[view] [source] [discussion] 2022-12-16 05:02:53
>>ramesh+P4
True, but Musk is supposed to be smarter than us mere mortals.
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