The market, made up of a lot of people, seems to think the richest man in the world is pretty valuable.
A subset of people around here don't think that way. Why? I have my own opinion, not very flattering.
A subset of people around here don't think that way. Why? I have my own opinion, not very flattering.
By the same logic, our biology must think cancer is pretty valuable because of how many resources it dedicates to feeding cancerous cells. Wealth and value are not correlated.
How is the market saying that the richest man is pretty valuable? Because the richest man owns a significant number of shares in a company the market deems as valuable?