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Started By
Message
re: Breaking: Trump is unable to make $464 million bond in civil case
Posted on 3/18/24 at 2:43 pm to Big Scrub TX
Posted on 3/18/24 at 2:43 pm to Big Scrub TX
quote:
He might be the most illiquid mega-billionaire I've ever heard of!
Rich people make money by putting their cash to work. They don't keep it sitting in the bank.
Surrounded by hedge fund managers and investment bankers in my hood. None of them have more than 6-12 months living expenses in liquid investments.
2
Posted on 3/18/24 at 2:45 pm to udtiger
quote:
No.
It only means he cannot suspend the judgment pending the appeal.
He has an absolute right to appeal (otherwise, it's a blatant due process violation). But if he wants to prevent any action on that judgment while the appeal is pending, he has to post a bond
This
Posted on 3/18/24 at 2:54 pm to SCLibertarian
quote:I think it's ridiculous too. That doesn't mean we just start making up stuff that isn't true.
I think a judgment in this amount is ridiculous, but you and the rest of the "above-the-fray" moderates would rather mock Trump's ability to come up with a liquid sum than question a ghetto DA and a partisan judge using a sham proceeding and damages amount to try and destroy a political enemy. It's absolute nonsense that this is even happening.
Posted on 3/18/24 at 2:57 pm to BBONDS25
quote:No, it isn't. It could be liquidated on a whim, likely with extremely minimal impact on the stock. It trades on average $8B/day. Plus, it wouldn't have to be one day. In this instance, it could be spread over weeks, in which case the impact would be literally zero.
That is very different than having it sitting in cash.
quote:How are you defining cash? T-bills? Money markets? etc. I can't see how having a 5-10% liquidity bucket would run afoul of prudent man.
Nobody has said otherwise. But keeping $500 million likely falls outside of the prudent investor standard.
Posted on 3/18/24 at 3:01 pm to Datbawwwww
quote:I'm not sure this describes your original claim accurately, but yes, it would not. e.g. The daily dollar volume just on the NASDAQ is like half a trillion. I'll assume you have no understanding of orders of magnitude, but just take it from the non-irredeemably ignorant: your claims were asinine.
So you are saying that if an investor were to remove half a billion dollars in investments without warning, that wouldn't have the potential to cause a significant reaction by investors?
quote:When in doubt, just claim AI!!!!!!!!!!!
Just the AI automated trading alone would have a significant reaction around that sector. It could absolutely initiate a sell off of that fund. So frick off with your insults loser
Posted on 3/18/24 at 3:01 pm to TDTOM
quote:It would be 1/16th of average daily volume.
That would be roughly 10% of today's trading volume so far. Probably not the best idea.
Posted on 3/18/24 at 3:02 pm to TigerBaitOohHaHa
quote:Almost every decent-sized HF keeps 3-10% of their book in assets like AAPL..."invested" but essentially infinitely liquid.
Rich people make money by putting their cash to work. They don't keep it sitting in the bank.
Surrounded by hedge fund managers and investment bankers in my hood. None of them have more than 6-12 months living expenses in liquid investments.
Posted on 3/18/24 at 3:02 pm to Big Scrub TX
quote:
It would be 1/16th of average daily volume.
...and today? 6% is still pretty significant. Not to mention the actual shareholder making the order.
This post was edited on 3/18/24 at 3:07 pm
Posted on 3/18/24 at 3:04 pm to Big Scrub TX
I'm clearly speaking of their personal finances
Posted on 3/18/24 at 3:05 pm to Big Scrub TX
quote:
No, it isn't
Of course it is. Not all passive assets are the same. Having 500 million just sitting in cash that isn’t operating or investment income would likely be a breach of fiduciary duty.
quote:
likely with extremely minimal impact on the stock.
Yikes. You think if the former Mrs Bezos liquidated her entire position all at once it wouldn’t impact the stock? Dude.
This post was edited on 3/18/24 at 3:06 pm
Posted on 3/18/24 at 3:08 pm to Big Scrub TX
quote:
It would take her approximately .05 seconds to raise $464 million.
quote:
It trades on average $8B/day. Plus, it wouldn't have to be one day. In this instance, it could be spread over weeks, in which case the impact would be literally zero.
You are flailing.
Posted on 3/18/24 at 3:09 pm to Big Scrub TX
You are being intellectually dishonest to create an argument; I’d hope you aren’t associated with any actual investment firm!
You are aware that most trading is controlled by AI? You are aware that moving that amount of money, you’ve have to contact the board of the fund, and most likely the FTC? You know these things right?
You are aware that most trading is controlled by AI? You are aware that moving that amount of money, you’ve have to contact the board of the fund, and most likely the FTC? You know these things right?
Posted on 3/18/24 at 3:11 pm to Big Scrub TX
quote:
Almost every decent-sized HF keeps 3-10% of their book in assets like AAPL..."invested" but essentially infinitely liquid.
You do realize that Trump has many properties that make up the vast majority of his wealth right? Properties like his are not "quickly liquified". Plus being put in a position of having to quickly sell a property would put him in a position of price taker instead of price maker. Fire sale situations would be detrimental for getting fair market value for his properties. That is why 30 days is laughable.
Posted on 3/18/24 at 3:15 pm to Butterfinger1
quote:
Didn't Trump recently testify that he had ~$400 million in cash and it was growing substantially each month?
Depends on how much the maga crowd donates to him
Posted on 3/18/24 at 3:26 pm to AubieinNC2009
It’s clearly not enough.
Posted on 3/18/24 at 3:30 pm to Northwestern tiger
Trump is playing with these clowns. He knows what he needs to do and not what to do. He's a step ahead of whatever they can conjure up.
Posted on 3/18/24 at 3:34 pm to roadGator
Trump is a pore boy, his cult members need to dig deep to get him out of his financial bind. 
Posted on 3/18/24 at 3:35 pm to TDTOM
quote:Right, so do it over 6 weeks if you want - just like Trump could have done.
.and today? 6% is still pretty significant. Not to mention the actual shareholder making the order.
Posted on 3/18/24 at 3:35 pm to TigerBaitOohHaHa
quote:How many of them in your hood are worth $10B plus personally?
I'm clearly speaking of their personal finances
Posted on 3/18/24 at 3:36 pm to chili pup
quote:
He's a step ahead of whatever they can conjure up.
Obviously, he isn’t.
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