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It is worth highlighting that this sale was via a Rule 10b5-1 trading plan. That is, Thiel made the decision to sell prior to the IPO.
by jamesmcn 14y ago
It is worth highlighting that this sale was via a Rule 10b5-1 trading plan. That is, Thiel made the decision to sell prior to the IPO.
- rootedbox 14y agoA facebook insider decided that facebook wasn't worth keeping his money in prior to the IPO. That is highlightable..
- izak30 14y agoBy the reports, he made 800x on his investment. He's held on for a while already.
- rootedbox 14y agoShould Warren Buffet sell on his total investment? I mean he's got a return of 10000000x, and he's been in it for a really really long time..
- jamesaguilar 14y agoA) he has sold a good portion of it. B) Berkshire Hathaway is a holding company. It is diversified already. So there is much less of a need to sell it.
- rootedbox 14y agoSo you're saying Berkshire Hathaway is much better setup as a long term business than Facebook; therefore a better investment. I don't disagree at all.
- jamesaguilar 14y agoNo, being diversified doesn't instantly make you a better business. But it does make you a safer investment.
- prostoalex 14y agoHe converted a $500,000 investment into more than $1,000,000,000, which is at least 200,000% ROI. Would you recommend against diversification at this point? Do you provide financial advisory services by any chance?
- rootedbox 14y agoI am positive he is doing diversification but not with facebook as part of his portfolio; as he sold pretty much all of his facebook stock. So once again. Facebook insider chooses to sell most of his stock prior to IPO, and prior to first quarter results. Very highlightable..
- nazgulnarsil 14y agohe sold 80% of his stock IIRC.