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No, Bill Gates did not "all but admit...". Here is what he is quoted as saying when asked directly: "Well, you know, I think Tesla is an amazing company. I wish
by herodotus 6y ago
No, Bill Gates did not "all but admit...". Here is what he is quoted as saying when asked directly:
"Well, you know, I think Tesla is an amazing company. I wish I’d owned or been more on the long side (laugh), but it’s great. I have lots of relatives that own Teslas that I helped buy for them so nothing but positive thoughts about Tesla and its role."
This is a long way from admitting a short. Maybe he just does not want to talk about his investing practises.
- zekrioca 6y ago"I wish I’d owned or been more on the long side (laugh), but it’s great." What is your take on this specific sentence he said?
- junippor 6y agoI have no position on Tesla. I wish I had been more on the long side.
- addicted 6y agoHuh? It obviously means he wish he had owned more TSLA shares because they've gone up so substantially. Actually, it means even less than that. It's simply an acknowledgment of the fact that TSLA has risen so substantially. Of course, the entire discussion is stupid because Bill Gates almost certainly does not pick individual stocks to invest in. In fact, I bet he does not do any of his investments anyways. He has extremely well paid investment managers to handle all that for him.
- addicted 6y agoWhat's even stupider is the article making comments like "I didn't think Bill Gates was the type to short TSLA". WTF. A Tesla short simply means you don't think it's worth it's share price and that you expect the price to go down. It means little else. It does not give anyone any insight on what the person thinks about Tesla as a business or electric cars as a future mode of transportation. I still cant get over how a bunch of know nothings have somehow spread the idea that shorting = evil.
- zekrioca 6y agoCouldn’t he simply answer: “No, I have not shorted.”, or alternatively, “Yes, I have shorted.”? Okay, I get that the question is ultimately stupid and useless, or there may be some other stuff he has to be careful with. But he did sound a bit like the way politicians sound by using the word “long”. Maybe I need a dictionary..
- 177tcca 6y agoThat he's riden one or more waves.
- p49k 6y agoExactly, and Bill Gates also understands that you can fall into all kinds of legal and regulatory traps by making public statements about your investments, something Elon Musk has never seemed to grasp.