The thing about the concept of a very rich man ‘losing’ $200bn is that if this sum can be ‘lost’ rather than spent, transferred, or stolen, it really calls into question its existence in the first place, and from there you start to wonder about the reality of large sums of money at all.

That is one of the qualities of money, that small amounts are extremely tangible (that $20 in your wallet, those coins in the tray with your keys), but the larger the quantity the more intangible and subject to weird philosophical ideas it is

@liamvhogan
Those big amounts are not actually real money.

They’re “value”, calculated by multiplying a big number (the number of shares of a company owned by someone) by the most recent price that someone paid for a much smaller number of those shares.

The owner of all those shares could never convert all those shares into real money, at least not quickly.

That’s why when a big company is bought, most of the payment is made in shares, not in actual money.

Does that help?