everybody just loves and uses and benefits from and then - get this - sell equity in that business on the public markets, to anyone who wants a piece.
Wealth is more democratic than ever.
The only reason Bezos, Buffett, Musk, Zuck, Gates, etc. are worth so much is because they sold stock in their companies on the public markets. And everyone wants a piece of their business. And so the share price goes up. Anyone who has $5 can buy into it. You can go buy a fractional share of Amazon right now and get yourself the same percentage upside Jeff Bezos has. You don’t have to pay a broker any commission. You don’t have to know someone or have a hookup. You don’t need any specialized skill or need to be a member of any special group.
Bezos could have kept Amazon private. And it’d maybe be worth 1/50th of what it’s worth now. He’d be a lot less wealthy. So would anyone who now owns Amazon.
We look at these guys and say it’s “winner-take-all.” Any idea how many retirements companies like Apple, Amazon, and Microsoft are funding? How many millionaires they’ve created? Apple and Amazon alone are like 14% of the S&P 500.