4 ms·
I remember back in the 90's that every time Bill Gates sold 1 or 2 percent of Microsoft, people would freak out that Microsoft's collapse was imminent. Even tho
by danielweber 14y ago
I remember back in the 90's that every time Bill Gates sold 1 or 2 percent of Microsoft, people would freak out that Microsoft's collapse was imminent. Even though he did it every six months.
Whatever you think of Facebook, it is extremely prudent for Zuckerberg to diversify. If he had $1 million in non-FB assets, he would still have 99.99% of his assets in Facebook. That's a crazy amount of his wealth concentrated in one stock.
- calinet6 14y agoArguably, that's the whole point in owning stock in the company you own, control, and oversee. You can help make it go up and it's in your complete interest to help it become successful. You have no such control or incentive with other companies.
- bonzoesc 14y agoWhen you've got hundreds of millions of shares, you can sell tens of millions without losing ownership. At the same time you also insulate yourself from the risk of you or somebody who works for you fucking everything up.
- sirteno 14y agoNot just that but also macro variables that affect the performance of the equity markets as a whole... He is being prudent in diversifying a fraction of his exposure away not just of FB, but also from the asset class and perhaps even the currency / country.
- caf 14y ago...and that's before you take into account that his own personal future earnings potential is also unavoidably correlated with how well Facebook does. Diversification makes complete sense.