3 ms·
Mmh, you might be surprised how many tech execs are not diversified at all. First, commitment and single-mindedness, but also it's inefficient to harvest capit
by bpodgursky 5y ago
Mmh, you might be surprised how many tech execs are not diversified at all.
First, commitment and single-mindedness, but also it's inefficient to harvest capital gains (and pay tax on it) if you don't have to; you have to make a 20% delta in the stock you exchange for to make up for it.
- paxys 5y agoThose tech execs are founders who own like 40% of their growth-stage company and have limitless upside. Tim Cook owns 0.01% of Apple, and his stock isn't going to see exponential growth no matter how well he performs.