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Elon Musk calls himself ‘former trillionaire’ as billions vanish amid Tesla, SpaceX crash. Why the rich laugh at losses (finance.yahoo.com)
submitted 3 months ago by to c/usa@midwest.social
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[–] 2 points 3 months ago (1 child)

I wasn't looking for an explanation here, I will just assume that when someone has a lot of money it hurts less to lose some than when someone has very little money. It's so obvious that I don't really need a stockmarket 101 - a schoolkid could grasp this. Headlines like this pretend someone cares while it's really just a continuation of the bread and circuses game with a bit of ragebait for the lower decks.

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  • [–] 0 points 3 months ago*

    Yeah I would go as far as saying that when you have more than enough money, you just notice your account going up and down but it has no effect on your daily life and your ability to pay your bills.

    If you don't have enough money, any small extra cost can mean you have to make difficult choices right away.

    I guess the headlines are ragebait since so many people don't have enough money these days. It makes sense to get pissed off about reading it.

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