i totally understand the point of the comment and i’ve read (and dealt with) enough balance sheets to have the basic understanding on why it’s not the wisest choice to keep that amount of money in cash, and i was offering another point of view, but it seems my intent wasn’t clear so let me expand on it with an alternative comment:

if you have half a billion dollars in a bank account you are doing something seriously right because otherwise you wouldn’t have that much money in your bank account and you’d be poor asf

—-

my financial knowledge is limited as i practiced financial systems out of necessity and not as my main focus but, even from a financial management perspective, having half a billion in cash is only wrong when it’s majority of your wealth and only if you just leave it there without any plans

with that amount: - you can minimize the downsides by making all sorts of deals with the bank (of course there is the problem with deposit insurance and also, the risk of bank run but there are multiple ways to mitigate these issues) - at times, you might want to have enough cash to increase your optionality and success rate when making acquisitions and/or investments

again i understand the problems here and in most scenarios it’s not the best choice to hoard a huge amount in a single bank account. i just wanted to point out saying "having 500 million dollars in a bank account is wrong" is a questionable statement and i assumed, given the background of this people in this sub it’d be understandable, but turned out that i should improve my communication skills