Earlier quoted context omitted.
>He could have distributed (read: invested via donations and grants) more sooner. The only way he could have done that is to sell the company, and using your definition, as soon as the company was worth more than he needed personally, he would have to sell it to not be a hoarder. I'm pretty sure in that case the company would never have grown to what it is, as there's ample studies showing that founders, who know a b…
Less capital growth? Perhaps. But I'm suggesting that capital isnt the only measurement? How many live is Buffet saving from X while his capital is locked up in traditional growth? Big efforts take time. Most of the low hanging fruit is gone. Starting sooner beats starting later. Imho, of course ;)
If an apple is worth a dollar, you cannot transmute the apple into a dollar. You can trade it for one, but there is still one apple and one dollar in the economy.
Stocks work the same. A rich person holding value in any item other than capital is not hoarding capital, any more than a person hoarding apples is hoarding capital.
Think on it.