> Which is kind of to the point, they have more money on hand than a small country’s budget
They don’t, though, that’s the entire point.
> and even if they lose it all it almost doesn’t make a dent in their net worth.
> In this situation it is almost reasonable to want a small crisis to shake out your upcoming competitors and buy some more land or other things of real value at a discount.
A small crisis will in fact not cause them to lose significant amount of cash, but will cause them to lose significant amount of their net worth. Nobody wants that.
Unless the billionaire in question is extremely vain, they should absolutely want some of their paper wealth to vanish temporarily since it is an opportunity to accrue more real value stuff at a discount for those that have large amounts of either cash or cash equivalents on hand.
All of their paper wealth will appear again in the next upswing.
They don’t, though, that’s the entire point.
> and even if they lose it all it almost doesn’t make a dent in their net worth. > In this situation it is almost reasonable to want a small crisis to shake out your upcoming competitors and buy some more land or other things of real value at a discount.
A small crisis will in fact not cause them to lose significant amount of cash, but will cause them to lose significant amount of their net worth. Nobody wants that.