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IIRC he sold most of his stake in 2012 after the IPO. He would be far richer today if he had just let his investment in Meta ride, even with the recent fall. It
by dnissley 5y ago
IIRC he sold most of his stake in 2012 after the IPO. He would be far richer today if he had just let his investment in Meta ride, even with the recent fall. It seems clear he's not in it for the money.
- adventured 5y ago> He would be far richer today if he had just let his investment in Meta ride You mean if he had had a crystal ball, which absolutely nobody on the planet possesses. Hyper concentrating your wealth in a highly risky investment, is not a good investment strategy. In the absence of a crystal ball, he made a very reasonable choice to cash the Facebook position out given his exposure to numerous other high-risk tech-related positions. Bill Gates would be richer if he had never sold a share of Microsoft, and it would have similarly been a really bad approach to personal wealth management. That doesn't mean Gates wasn't interested in the money (for his goals, the more money the better), it means he was acting rationally, prudent, in diversifying.
- r00fus 5y ago> You mean if he had had a crystal ball Amusingly isn't that what a Palantir actually is?