Reply to post: Re: Pump and Dump

Elon Musk buys 9.2% of Twitter, sends share price to the Moon

doublelayer Silver badge

Re: Pump and Dump

"When you are already that rich you don't need to resort to get-rich-quick schemes to make bank."

When you're already that rich, you don't need any more money to do almost anything you want to do. Yet, rich people frequently decide that they do want more money after all. Rich investors gamble their billions of savings to try to get even more billions, taking the risk that they lose it all. Rich people sometimes run criminal operations to get even more cash, when they could just retire and let someone else take the risk. Rich people run many schemes, both legal and illegal, to try to increase their wealth.

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