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[quote=Anonymous][quote=Anonymous]I worked at Brown Brothers Harriman where actual super wealthy bank.

We only tracked “investable assets” or free money. Theory was that is all you can spend or invest. Under that metric most people in DCOM are poor.

Stocks, bonds, real estate, 401ks, IRAs, Gold, Cars all zero.

I recall one very very wealthy lady back in 1997 I was helping. She had 100 million in cash in 1997. She did have 900 million in stocks. Plus 100 million in bonds and REITs.

But the 100 million was her only number we cared about as that was only money she could spend or invest. Literally wanted cash in case business opportunity, mansion she could write did someone was selling a 50 million dollar house in Southampton in a distress sale for $40 million write a check or get in a pre IPO investment write a check.

What amazed me her onr billion was throwing off 100 million in dividends, interest, capital gains each year. So that 100 million built up quick

[/quote]

Did you get fired for incompetence and failure to understand basic finance, by any chance?[/quote]

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