4 ms·
They aren’t diversified?!
by TheCondor 6y ago
They aren’t diversified?!
- bhupy 6y agoSuper-wealthy founders are not sufficiently diversified, no.
- mindstreamer 6y agoSo this wouldn't be helpful as an incentive to get them diversified?
- bhupy 6y agoThat's an arbitrary incentive that's not particularly useful. And in any case, it forces one to relinquish a significant partial ownership in their own company just to be able to afford to continue owning the rest...all so that we get them to diversify their portfolio?
- elongatedMusku 6y agoWould Elon be interested in selling his stakes and diversify? Would he be lose control over his company to retain his wealth?
- bhupy 6y agoThis comment was flagged for some reason, but it's entirely valid. If Elon Musk's goal was ROI maximization, he has no business maintaining ownership in SpaceX and Tesla — he ought to just dump his billions in high yield ETFs. Fortunately, that is not his primary goal, and (at least in the US), he is able to continue to pursue success by maintaining ownership in his companies.
- xur17 6y agoThis sounds like the exact opposite of what the US as a whole wants to occur.
- O_H_E 6y agoYeah, that sounds weird. I either need a source or some proof of knowledge/authority on the topic.
- bhupy 6y agoSure, if you get recruited by a $100m startup, and you hear that the founder sold half of their stock "to diversify", there's almost not chance you're working there. Diversification is a solid strategy for most people, but founders that own highly valuable companies are not "most people"..