Rizal Philippines
6.6.2021
Our concept of wealth has been radically changed by the Pandemic. We think of wealth and its ranking on a more or less stable manner. But that has been changed lately
1 In the cryptocurrency industry, lately billions in wealth (value at stockmarket) were wiped out because of Tweets by Elon Musk, crackdown by China on cryptocurrency. What is billions being wiped out? A lot. We could hardly make our ends meet;
2. Ellon Musk could be the wealthiest man yesterday, but today it may be Jeff Besos or Arnault or VMH. Because the wealth is defined by the prices of the stocks at stock market. Hence your wealth can go up or down on a day to day basis.
3. A Chinese mogul whose wealth was based on virtual education is now nearly wiped out as the pandemic wrought havoc on his business model. So with many face to face schools
Nothing is ever secure and permanent due to the pandemic.
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