Let's say you had $20 billion.
What would you do with all that money? To get an idea of how much that is, it's 20,000 million dollars. You could spend a million dollars a day for just about $55 years. Party on!
You could buy the most expensive private residence in Europe, Villa Leopolda, for a paltry $750 million and not blink an eye. You could buy any NFL franchise you like, though the Dallas Cowboys ($17 billion) or LA Rams ($13.5 billion) would cost most of your fortune. Of the 32 NFL teams, 24 of them have an estimated value under $8 billion. Easy peasy. Super Bowl there you go.
$200,000 luxury cars would be common for you. You might buy 10 of them. $2 million. Who cares?
The point is that super rich people probably don't care much about spending... or money in general. Even if you lost 90% of the your money - $18 billion - you'd still have $2 billion left, more than enough to live a luxurious lifestyle for a very, very long time. One would tend to believe that super rich people might be a little reckless with their money, and, surely, some of them are. Jeff Bezos, Elon Musk, Bill Gates, and others in their sphere see their stock prices go up and down on a daily basis. Considering their wealth, they could see paper gains or losses of a couple billion a week, or a day. It probably doesn't bother them.
So, when the CPI shows inflation increasing at a 3-4% rate pe year, or is up 0.4% in a month, as the October CPI was reported to be yesterday, sending stocks down initially, then up for most of the session, the super rich, along with hedge funds and other institutional investors like Vanguard and Fidelity, were probably buying the dip, causing enormous market distortions.
It's important to note that even if all the tech stocks like Meta Platforms (META), Alphabet (GOOGL), Microsoft (MSFT), Tesla (TSLA) and others lost 50% or more, the founders and CEOs would still be fabulously wealthy, which is why regular investors in 401k plans, IRAs or other funds need to be wary of big moves in stocks, high PE ratios (most of them) and sudden spurts because the people who own the most shares don't really care. Big gains or losses don't affect the way they do business or their personal lifestyle.
Of course, a 50 or 60% drop in stock prices would be far more significant for smaller investors. Turning a million into $500,000 or less would be a problem and it would be even worse the smaller the investment level. A $50,000 investment in tech stocks might turn into $25,000, which would be something serious. All the while, the super rich would carry on as usual.
Tuesday's slight decline on the October CPI numbers may turn out to be a rounding error after what's about to unfold on Wednesday, after Coreweave (CRWV) announced earnings Tuesday after the closing bell. The company exceeded revenue estimates and raised revenue expectations for the rest of the year. CoreWeave declined sharply during the past month due to balance sheet and debt cost anxieties. The strong third-quarter earnings report and raised guidance sparked a double-digit percentage rebound. Shares of the stock are up more than 15% pre-market. Going pretty much unmentioned by the mainstream financial media was the EPS loss (-1.27). The company has yet to turn a profit, but like the super rich people funding them, investors don't seem to care, at least not early Wednesday morning.
The 15% pre-market gain has to be seen in the perspective that the share price has fallen from 137.98 on May 6 to Tuesday's close of 48.73, 65% clipping. Due to open around 56, there are more than a handful of investors still disappointed but probably more that are eternally hopeful, as in "perma-bulls."
While Coreweave may provide the headlines for today, a different story will emerge tomorrow, and the next day, and the day after that. Stocks are extremely volatile right now and will remain so probably through January, a speculator's dream scenario. This is not a time to be establishing long positions. It's a time for nibbling at the edges, taking quick profits, maybe putting some of that into cash while looking for other quick-turning ventures. It also may be an opportune time to go short on specific issues and ETFs, if not entire indices, though that takes some daring.
For Wednesday, Coreweave is leading the herd to what appears to be a splendid grazing pasture, with Dow futures up more than 150 points, S&P futures ahead by 70, and NASDAQ futures popping more than 500 points a half hour before the bell.
Up, down, sideways, the really rich folks don't actually care.
At the Close, Tuesday, November 10, 2026:
Dow: 52,231.89, -157.86 (-0.30%)
NASDAQ: 25,065.88, -187.26 (-0.74%)
S&P 500: 7,520.93, -29.01 (-0.38%)
NYSE Composite: 24,462.33, -10.29 (-0.04%)
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