Actually you have no clue what you are talking about. Bill Gates has given away close to 30 billion dollars. His worth would be close to 85 Billion compared to his 54 billion if he didn't donate so much of his money through his foundation.
How did Gates' net worth get up to 85 billion since Microsoft stock is lower today than 10 years ago?
Well, er... may have diversified investments. Everything doesn't have to be in one stock.
Right, but presumably a big chunk is in MSFT stock. And the market tanked a few years ago. And he's given away billions of dollars. So some of his investments must have done spectacularly well to almost double his money during that 10 years with much of his portfolio flat or negative. Of course if he had invested a 1/3 of his money in AAPL he'd be well over $100B now.
I like that Apple is close to #1 in the US corporate world and their leader is only 42nd wealthiest. It says something about Mr Jobs and something else about Mr Gates, about their priorities.
Or it just says Steve shouldn't have sold half his Apple stock in 2006.
In reality it says nothing about Microsoft and Apple. Most of Steve's money is in Disney and most of Bill's is in Cascade. Microsoft only accounts for $17b on Bills $54b and Apple only accounts for $1.5b of Steve's $6.1b.
Neither of which are particularly unexpected. Microsoft and Apple arn't companies to invest in if you want to make a major return, there more like a place to put your money to protect it.
What is more surprising though is that Bill has invested heavily in Cascade hence his wealth going up by billions each year. While Steve has basically left his money in 2 very safe companies.
LOL... yeah, good point. Mirroring Jobs' growth over the years, Apple's autos would, until recently, have left the assembly line with one pedal. If you pushed it, you'd accelerate. To brake, you'd have to hold down a button on the dash while pushing the pedal.
Apple would eventually offer models with two pedals, but they wouldn't be mechanical. Just a smooth surface and intelligent sensors for your feet to work with.
Revolutionary new compact models would outsell all the competition and create a new standard. But they wouldn't have a high beam Flash feature, so pundits would be predicting gloom and doom.
and people would laugh and point at how different this was..
the fanbois would be talking about how it doesn't crash all the time..
and 20 years down the road, we'd all be driving one...
Neither of which are particularly unexpected. Microsoft and Apple arn't companies to invest in if you want to make a major return, there more like a place to put your money to protect it.
What? AAPL has been one of hottest stocks of the decade and is expected to gain another 50% in the next couple of year. That's doesn't exactly put AAPL in the value/safe category. Excellent investment yes; conservative no.
What? AAPL has been one of hottest stocks of the decade and is expected to gain another 50% in the next couple of year. That's doesn't exactly put AAPL in the value/safe category. Excellent investment yes; conservative no.
Gaining 50% in 2 years isn't what makes you ultra rich. That's more the good end of the safe bets. Investing in higher risk companies that a growing by over 100% in size each year is how you really accumulate wealth. Admittedly you have to do it with much smaller companies so it requires a lot more effort, but that's why the rich invest in investment companies.
Gaining 50% in 2 years isn't what makes you ultra rich. That's more the good end of the safe bets.
I tell you what .... you give me a portfolio where my "safe bets" gain 50% every 2 years and I will be satisfied with what I can accumulate, thank you very much.
I can only hope you were being sarcastic, or better yet, you don't put your "philosophy" into practice in the stock market.
Also keeping kind the wise financial words of my father: "You haven't made or lost anything in the stock market until you sell."
That's true but, unfortunately, that "philosophy" usually motivates a lot of people to stay in a stock too long on the way down. They usually don't have a pre-determined point at which they will sell, allowing their emotions to take over.
Comments
The story here for me is that there are 41 Americans who have more than $6.1 billion. Whew!
LOL. Good point. What would have really made you fall off your chair is Ballmer has a net worth of over 16 billion.
Next.....
I'm sure that once you get past a certain point ($5bn?) having more wouldn't change your life.
"Money doesn't make you happy. I now have $50 million but I was just as happy when I had $48 million."
Arnold Schwarzenegger
Actually you have no clue what you are talking about. Bill Gates has given away close to 30 billion dollars. His worth would be close to 85 Billion compared to his 54 billion if he didn't donate so much of his money through his foundation.
How did Gates' net worth get up to 85 billion since Microsoft stock is lower today than 10 years ago?
Forbes had Gates at $54 billion back in 2001.
How did Gates' net worth get up to 85 billion since Microsoft stock is lower today than 10 years ago?
Forbes had Gates at $54 billion back in 2001.
Well, er... may have diversified investments. Everything doesn't have to be in one stock.
I'm sure that once you get past a certain point ($5bn?) having more wouldn't change your life.
A recent study shows the cut off is around $75,000 per year, at least as far as happiness is concerned.
A recent study shows the cut off is around $75,000 per year, at least as far as happiness is concerned.
Then don't try living in the DC area (or in SF, or NYC, or etc, etc).
Well, er... may have diversified investments. Everything doesn't have to be in one stock.
Right, but presumably a big chunk is in MSFT stock. And the market tanked a few years ago. And he's given away billions of dollars. So some of his investments must have done spectacularly well to almost double his money during that 10 years with much of his portfolio flat or negative. Of course if he had invested a 1/3 of his money in AAPL he'd be well over $100B now.
I like that Apple is close to #1 in the US corporate world and their leader is only 42nd wealthiest. It says something about Mr Jobs and something else about Mr Gates, about their priorities.
Or it just says Steve shouldn't have sold half his Apple stock in 2006.
In reality it says nothing about Microsoft and Apple. Most of Steve's money is in Disney and most of Bill's is in Cascade. Microsoft only accounts for $17b on Bills $54b and Apple only accounts for $1.5b of Steve's $6.1b.
Neither of which are particularly unexpected. Microsoft and Apple arn't companies to invest in if you want to make a major return, there more like a place to put your money to protect it.
What is more surprising though is that Bill has invested heavily in Cascade hence his wealth going up by billions each year. While Steve has basically left his money in 2 very safe companies.
(Facebook is down
Keep in mind, these wealth figures only include public stock holdings above the threshold of disclosure.
Also keeping kind the wise financial words of my father: "You haven't made or lost anything in the stock market until you sell."
Also keeping kind the wise financial words of my father: "You haven't made or lost anything in the stock market until you sell."
True story. It's one of those truisms that are hard to appreciate until it you get one right between the eyes.
LOL... yeah, good point. Mirroring Jobs' growth over the years, Apple's autos would, until recently, have left the assembly line with one pedal. If you pushed it, you'd accelerate. To brake, you'd have to hold down a button on the dash while pushing the pedal.
Apple would eventually offer models with two pedals, but they wouldn't be mechanical. Just a smooth surface and intelligent sensors for your feet to work with.
Revolutionary new compact models would outsell all the competition and create a new standard. But they wouldn't have a high beam Flash feature, so pundits would be predicting gloom and doom.
and people would laugh and point at how different this was..
the fanbois would be talking about how it doesn't crash all the time..
and 20 years down the road, we'd all be driving one...
True story. It's one of those truisms that are hard to appreciate until it you get one right between the eyes.
My dad also used to say...
You can drink booze out of a bottle
You can drink booze out of an old tomato can
Booze can?t hurt you
But an old tomato can
so I?d say he?s 1 for 2 right now.
Neither of which are particularly unexpected. Microsoft and Apple arn't companies to invest in if you want to make a major return, there more like a place to put your money to protect it.
What? AAPL has been one of hottest stocks of the decade and is expected to gain another 50% in the next couple of year. That's doesn't exactly put AAPL in the value/safe category. Excellent investment yes; conservative no.
What? AAPL has been one of hottest stocks of the decade and is expected to gain another 50% in the next couple of year. That's doesn't exactly put AAPL in the value/safe category. Excellent investment yes; conservative no.
Gaining 50% in 2 years isn't what makes you ultra rich. That's more the good end of the safe bets. Investing in higher risk companies that a growing by over 100% in size each year is how you really accumulate wealth. Admittedly you have to do it with much smaller companies so it requires a lot more effort, but that's why the rich invest in investment companies.
Gaining 50% in 2 years isn't what makes you ultra rich. That's more the good end of the safe bets.
I tell you what .... you give me a portfolio where my "safe bets" gain 50% every 2 years and I will be satisfied with what I can accumulate, thank you very much.
I can only hope you were being sarcastic, or better yet, you don't put your "philosophy" into practice in the stock market.
Also keeping kind the wise financial words of my father: "You haven't made or lost anything in the stock market until you sell."
That's true but, unfortunately, that "philosophy" usually motivates a lot of people to stay in a stock too long on the way down. They usually don't have a pre-determined point at which they will sell, allowing their emotions to take over.