Comment on Australian billionaires increased their wealth by almost $600,000 a day on average over last year, report shows

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DavidDoesLemmy@aussie.zone ⁨2⁩ ⁨weeks⁩ ago

It’s a quirk in how companies are valued. All shares of a company are assumed to have the value of the last ones that sold. Even though 99%+ are not available for sale on a given day.

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