Re: Enormous wealth... what would you do with it?
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I can't imagine why anyone is saying invest it. You have ten billion dollars, what kind of profit are you looking to make?
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You are throwing money away if you don't invest it. You think Forbes, Gates, etc, just have a big $50B checking account?
$10B invested super-conservatively will bring you over 500 million dollars a year.
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But you already have $10B!
I mean, I guess it's a matter of personal preference, but I can't imagine why I'd be concerned with making a profit when I have $10B. Investing it in business for the good of the economy and such I can understand, but I don't think I'd have much incentive to make any more personal profit at that point.
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You wouldn't have to do any work, dude. You throw it into 30 year treasuries, which are basically zero risk, and you're clipping out a nice $500 million a year without stressing at all. That could go straight to charity. Why forego an opportunity to do tremendous good without having to make much effort in the process? Can you really be that selfish?
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