Jeffrey Bezos, richest man in the world, drives a Honda Accord DX

What does this have to do with running?

TossiDossiRossi wrote:

What does this have to do with running?

You must be new here.

He also spends a billion dollars/year on his rocket hobby. His company spent more than it earned for two full decades. I'm pretty sure he didn't get rich by being frugal.

Dave Ramsey, C.F.A. wrote:

In case you were wondering how he got so rich, look at what car he is driving in this video

https://youtu.be/x5KMvWfPy78

So you're saying he's a billionaire cuz he drives a cheap car?

He drives a Honda even though he's rich? He's driving me bezos!

When i worked in Redmond about 18 years ago, i saw Bill Gates driving and he was in a sedan of about the same value.

Dave Ramsey, C.F.A. wrote:

In case you were wondering how he got so rich, look at what car he is driving in this video

Any CFA should know that the vast majority of the wealth of bezos is tied up in stock options, how bezos unloads those stock options will determine how much he is actually worth. Amazon is doing very well, but it could be argued that much of its value is based on futures.

seattle prattle wrote:

When i worked in Redmond about 18 years ago, i saw Bill Gates driving and he was in a sedan of about the same value.

Obviously you do not want to draw attention to yourself at that level. It's actually dangerous to do so. They're way past the 'look at me' that wannabees drive.

digapony wrote:

seattle prattle wrote:

When i worked in Redmond about 18 years ago, i saw Bill Gates driving and he was in a sedan of about the same value.

Obviously you do not want to draw attention to yourself at that level. It's actually dangerous to do so. They're way past the 'look at me' that wannabees drive.

+2

They have multiple huge houses and in the case of Paul Allen multiple yachts. Cars probably aren't even worth the effort to think about for them. And they're probably chauffered in better cars usually.

what is wealth? wrote:

Dave Ramsey, C.F.A. wrote:

In case you were wondering how he got so rich, look at what car he is driving in this video

Any CFA should know that the vast majority of the wealth of bezos is tied up in stock options, how bezos unloads those stock options will determine how much he is actually worth. Amazon is doing very well, but it could be argued that much of its value is based on futures.

Maybe he should start a go-fund-me page so he can get a Tesla.

Needs to pump his money in to the Fake News Amazon Washington Post to keep it from going bankrupt.

Your a CFA and this is the best insight you can give us on Bezos??? Is Buffet less rich bc he drives a Cadillac?

Dave Ramsey, C.F.A. wrote:

In case you were wondering how he got so rich, look at what car he is driving in this video

https://youtu.be/x5KMvWfPy78

What's the motivation for posting these moronic and useless threads on cars? Are you shorting the car industry? Have you come to letsrun to market terrible financial advisory services?

Dril, C.F.A: Best way to get rich is stop eating! Food costs money. If you don't eat, you'll be as rich as bill gates and bozos combined in 10,502 years. The average american spends $7000+ on food per year. Stop wasting money on food now and invest in my limited time only, Dave Ramsey investment fund bonds that return a whopping 0.1% a year, you'll be the wealthiest person on the planet in the year 12,520 AD!

Dave Ramsey, C.F.A. wrote:

In case you were wondering how he got so rich, look at what car he is driving in this video

https://youtu.be/x5KMvWfPy78

I have done similar, selling my Mercedes E Class, now driving a Jeep Cherokee. Trying to relate more with the middle class people . I have been told I'm a bit intimidating because I'm very handsome.

So if I buy a Honda Accord DX today, how long will it be before I'm as rich as Bezos? And does it have to be an Accord? Would a Civic or Fit work as well?

what is wealth? wrote:

Dave Ramsey, C.F.A. wrote:

In case you were wondering how he got so rich, look at what car he is driving in this video

Any CFA should know that the vast majority of the wealth of bezos is 8tied up in stock options, how bezos unloads those stock options will determine how much he is actually worth. Amazon is doing very well, but it could be argued that much of its value is based on futures.

Amazon CEO Jeff Bezos just sold $1.1 billion worth of his stock - CNN Money

CNN.com › money › investing › jeff-bez...

I think he could afford a luxury car.

I heard that Sam Walton, the founder of Walmart, used to drive a pickup truck even though he could have easily bought a 747 and put his name on it.

state60 wrote:

Your a CFA and this is the best insight you can give us on Bezos??? Is Buffet less rich bc he drives a Cadillac?

Curious, why would expect that a CFA can give you any unique insights on Bezos? Bezos was an electrical engineer and computer scientist who started an online bookstore that grew into one of the worlds largest retailer. Amazon's success and bezos wealth is from top-line growth and value creation. Factors driving their success include strong and shrewd leadership, a complex and extremely efficient supply chain and partner ecosystem, vast amounts of technical infrastructure that were later spun into PaaS, and generally the most successful business strategy in history. What does that have to do with any of the topics a chartered financial analyst studies? On the other hand, a CFA might be able to tell you how GE avoided paying corporate taxes for decades.

Porkie wrote:

Dave Ramsey, C.F.A. wrote:

In case you were wondering how he got so rich, look at what car he is driving in this video

https://youtu.be/x5KMvWfPy78

So you're saying he's a billionaire cuz he drives a cheap car?

No, what jamin is saying is that he drives a cheap car so he could possibly become a billionaire. The concept of chick-magnet cars is entirely foreign to jamin.