Originally posted by: tom
"Shootings have nothing to do with the virus, and the virus has nothing to do with shootings. It's stupid to try to link the two."
You missed the point as usual. You go ballistic about maybe losing 1 life to the virus, but you have nothing to say about the actual hundreds being shot & the children being killed on a weekly basis.
Let's say that we have a retired guy with a net worth of $2 million. His mortgage free $500,000 home burns down. To simplify this, he has no homeowners insurance. How will retired guy regain his $500,000 loss of wealth?
If his investments do well, and can get back to a net worth of $2 million, but he would have been at $2.7 had his house not burned.
Assets lost are lost, and they are not magically replaced. If he had insurance, then the insurance company has a loss of wealth. Either way, there is a $500,000 net loss of wealth of.