To: Hugin
On paper. Unless the companies go belly up, or they were planning on selling the stocks, it hasn't really changed their wealth. If you owned 5% of a profitable company a week ago, you still own 5% of a profitable company. That's not how things work.
It's called "Mark to Market".
Look it up.
8 posted on
08/27/2015 3:28:02 PM PDT by
Zeneta
(Thoughts in time and out of season.)
To: Zeneta
That’s why Warren Buffet was wiped out in 2008, right?
12 posted on
08/27/2015 3:31:24 PM PDT by
Hugin
("First thing--get yourself a firearm!" Sheriff Ed Galt)
To: Zeneta
ah, mark to market....the real stinky and secret culprit of the economic crash....a cancer from the despicable Sarbanes Oxley bill.
25 posted on
08/27/2015 4:50:05 PM PDT by
C. Edmund Wright
(WTF? How Karl Rove and the Establishment Lost...Again)
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