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I think I covered it in a money class #809392
But yes, imagine i print up 1,000,000 pieces of paper and then managed to sell one to Bob for $1. Am I a millionaire now?
The market cap calculation (total outstanding times last selling price) suggest so, but it has no meaning since obviously I won't be able to sell the other 999,999 pieces (at all, or for anything close to that price)
Ok, that makes a lot of sense. I'll give the link a read, I generally really enjoy the write ups you do that I understand 😁
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