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He might be at 50 million profit by now
by conanbatt 6y ago
He might be at 50 million profit by now
- onion2k 6y agoHe hasn't made a penny in profit until he sells.
- zaroth 6y agoHe had to at least exercise those Jan 15th 2021 calls at $8, but he rolled it all back into a combination of shares and April calls.
- conanbatt 6y agoAnd we-work investors don't have any losses until they sell either.
- onion2k 6y agoThat is exactly right. Profit (or loss) is what's left after a transaction is complete.
- the__alchemist 6y agoThis is tricky to quantify, and more subtle than you imply. Some questions to consider: If you hold a stock, then sell it at a profit, then buy another with that money, have you made a profit? What if you place the money into a bank account instead? An index fund? Buy a house? A Roth IRA? Where's the 'profit' line? In a case where you buy a stock, sell after a specific duration, and don't include any other info in your model, the simple description of profit-taking at close holds. When the model broadens, this becomes trickier to categorize.