4 ms·
At a certain point, you have to run the company. Mark Zuckerberg couldn't sell $40 billion of Facebook stock and put it all in a Vanguard mutual fund.
by powera 9y ago
At a certain point, you have to run the company. Mark Zuckerberg couldn't sell $40 billion of Facebook stock and put it all in a Vanguard mutual fund.
- dkural 9y agoActually he could. Vanguard would easily absorb it. Vanguard has about 4 trillion dollars of assets under management. $40B corresponds to about 1% of it, about a single day's stock market wiggle.
- pmiller2 9y agoSelling that much FB stock would put a pretty big dent in the stock price.
- loeg 9y agoSure, but that's an extreme example. Zuckerberg's at 10 figures, not 7.
- aetherson 9y ago11
- kobeya 9y agoOnly if you round up.
- aetherson 9y agoWhat are you talking about? Mark Zuckerburg's net worth is around $60,000,000,000. Count the figures: there are 11. Are you getting confused because the scientific notation would be 6 x 10^10? But that's not how people count "figures." If you have a 6 figure salary, your salary is $100,000 to $999,999, not $1,000,000 to $9,999,999.
- DanielDent 9y agoDark pools & other approaches which avoid sucking liquidity out of public order books are available. These allow larger trades to be done without affecting the market price.
- pgwhalen 9y agoDark pools aren't some magic bullet that prevents price movement on big orders. They're a tool, but not the obvious answer.