4 ms·

> The impressive thing is that he waited until FB was over $100 to sell. That would be impressive for a dev who had 99% of her net worth in Facebook stock, but

• javajosh 11y ago
  a) How do you know he's cash wealthy? (How could anyone know this, except Marc himself?), and b) Why is patiently holding something, then selling it when you said you would "not impressive", and why does his wealth have to do with the quality of a decision?
  • austenallred 11y ago
    > How do you know he's cash wealthy? That may be a bit of an assumption, but starting two billion dollar companies then buying Skype (a lot of which was done with personal money), selling it for $5 billion more... He would have to try really hard to be cash poor.
    • x0x0 11y ago
      Not to mention marrying a philanthropist whose parents are billionaires.
  • jonknee 11y ago
    He owns very expensive things and gives away a lot of money, it would be shocking if he does not have significant assets outside of high-value startups and his Facebook stock. His pre-existing wealth matters quite a bit with the decision of whether or not to sell out of a position that has been very profitable. Diversification is a fundamental part of wealth management. It's just not smart to have all your eggs in one basket, regardless of what basket that is. Marc already has a lot of baskets, while the hypothetical Facebook engineer does not.