Yes, in that instance, he made money, but also paid taxes on that. He probably wouldn't have sold if he didn't think it would be wise to diversify a little afte

Yes, in that instance, he made money, but also paid taxes on that. He probably wouldn't have sold if he didn't think it would be wise to diversify a little after such a huge price jump. Or maybe he just wanted to buy something ridiculous, who knows. In general, the super-rich don't need to sell, which is why they don't need to pay taxes. If you want to change that, you need a wealth tax, with all its problems. That's my point.