4 ms·

It says he's investing the money in real estate and start ups, why not invest in his real estate start up?

• gorbachev 7y ago
  Because his real estate start up isn't making a profit, so he can't personally profit from it.
  • deleted 7y ago
    [deleted]
• mises 7y ago
  I take your point in principle (founders ought to be committed to their company), but I also see the other argument not to put all your eggs in one basket, so to speak. Of course, I certainly wouldn't put money into a company the founder of which does not believe it will succeed and profit.
  • underwater 7y ago
    I can understand not wanting a founder to protect their nest egg and play it safe. But at 700M the founder, his children and his children's children can live a life of luxury and will never need to work again. That seems like it's a little beyond hedging the normal startup risks.
• cj 7y ago
  Same reason bitcoin millionaires should not buy more bitcoin. https://www.investopedia.com/investing/importance-diversification/ https://www.investopedia.com/investing/importance-diversific...
• charlesdm 7y ago
  Because his paper net worth is more than $10bn, and it's safe to say you might want to take a bit off the table and diversify.