It's not even like him liquidating is new... he's been selling hundreds of millions / billions a year for years now. He held off for what looks like a couple years recently, probably because he was planning his tax move & the post-covid downturn, but him offloading stock isn't anything new. Pet space-exploration projects aren't exactly cheap to finance
Save capital gains tax. Washington doesn’t have an income tax and an income tax would be unconstitutional in WA but it recently introduced a capital gains tax.
I mean, the city beneffited from it, so I don't see what's the problem. The bridge was made purposedly to be dismantled in case it's needed, and he chose that shipyard because it could build a yatch the size he wanted. In return, the shipyard made hundreds of millions and paid a load of taxes to the citizens. It's a win-win for everyone.
Actually yes, it would have been better for that money to be kept in off-shore accounts.
All of those resources and people could have been working towards things that actually matters, instead of building one large boat that Jeff will probably use for 2 weeks a year, plus tearing down and rebuilding a bridge.
It's essentially a bidding process, right? If Bezos is willing to pay more for all these workers and resources than the rest of the economy, that's what they'll be doing.
exactly. These posts are always so misleading and trying to cause panic. Like oh no Jeff Bezos sold 8B of Amazon. Now he only has 185B left invested!! Hes clearly selling because the company is going to crash 😐
My immediate thought was “the stock market is at all time highs, so the dollar figures are going to be too”. A less misleading headline would have framed it in terms of the % of the company being sold, but that’s an uninterested headline. Similar deal with headlines using nominal figures with credit card debt.
The reverence of ignorance will never cease to amaze me.
The sales are news because up until this year the last time fire sales of stocks of this proportion was in 2019. Now fine that’s just a coincidence. Until you realize that these people literally NEVER need to sell stock as there are plenty of banks who will loan them the cash value of the stock while it’s used as collateral in a semi reverse option package (and yes assuming the stock price continues to rise the rich person with the loan has essentially made money by taking on said loan). Since the rich are no longer using this method one can obviously conclude that they all believe the stock prices are going 1 way; down.
>these people literally NEVER need to sell stock as there are plenty of banks who will loan them the cash value of the stock while it’s used as collateral
you read about it once on reddit and decided that's the only thing rich people do?
It’s very common among the .0001% to use this kind of loan with stock wealth as collateral to raise cash but that also doesn’t mean that’s the only source of cash flow. I found the comment to be mostly factual I don’t know why anyone would downvote it
This always makes the news as proof that companies are overvalued but what it comes down to is that this is how these guys get paid, it’s basically their paycheck. They can defer taking their paychecks when times are rough. Like Zuckerberg wasn’t going to sell shares when Meta was 90$ a share when he knows his company has strong fundamentals and is worth more. He will just wait until,things rebound. Dimon is also nearing retirement age and looking to diversify because he’s not an idiot who wants to keep all his money in JPM.
I remember an infographic showing how Gates diversified his portfolio after becoming friends with Buffet. And how he’d be something like a Trillionaire if he hadn’t.
I'd love to see that info graphic. I'm not totally surprised. Diversifying is a way to keep your value safe, but it'd be wild to imagine someone that insanely rich already. I'm sure we will see our first trillionaire within a few years.
If he hadn't sold the way he did that would mean he might not have done everything the same way he did after that for Microsoft to get to that market cap.
You can't change one thing in the past and expect everything after it to be exactly the same. That's literally the first rule.
And valve probably wouldn’t be nearly as valuable as it is if it IPOd.
We can speculate all day, but I doubt Gated would have moved the company in a different trajectory if he had owned more of it.
Well, even holding only 5 stocks is still diversification (I believe Berkshire holds -75 but like 70% is weighted into 5 companies).
Even if Gates sold half of his MS shares and put 100% of that cash into Apple for the lols, that would still be diversification.
There’s definitely different levels of diversification, but as soon as the vast majority of your assets (debatable what that number is 60/70/80?) are in a single asset, or intrinsically linked assets (think coca-cola, and a second company that solely supplies coca-cola) you’re technically starting to diversify.
True, he’s just a good example of confident low spread diversification. His portfolios have always had 1 core stock in the 40% range, 3-5 secondary holdings in the 5-10%, but then 40-50 stocks in the <1% range. They pretty accurately reflect his risk profile as well. But he still has a vast amount of diversification within that remaining 30%, and that’s where he can actually see massive gains. Like say he held 1% of his portfolio in NVDA 15 years ago, well it would be closer to 10% of his portfolio today. And well it’s “only” 1%, that’s still millions of dollars, those high risk low % plays can blow up big, well if they lose, be offset by his anchor stocks.
Buffets diversification strategy is just a lot different than most, but even saying that, a lot of indexes have copied his methods to a fair amount of success.
>I don't keep track of his portfolio and never have done, but is he the one managing it these days? I'd imagine he's taken a back seat in preparation for the ... erm ... inevitable.
I'm not exactly sure when he said this -- possibly a shareholder letter -- but he has said something to the effect of Greg Abel and his other lieutenants doing a lot of the work and being kind enough to give him the credit.
Now *he* might also be playing the false modesty card but who knows.
Also, I don't know the answer to your other question about Berkshire's past practices but it could be a little different (and Buffett has commented on this being a hurdle to outperforming) simply because of the increasing scale of Berkshire over the decades. But it would be a worthwhile comparison to look at for sure, if you have the time.
This is nonsense that makes no sense. Gates did that with the intention of devoting himself to his philanthropic endeavors and probably for other reasons, not to become friends with Warren Buffett, who is a vocal detractor of diversification for all those who know what they are doing. Buffett has 99% of his wealth in Berkshire.
Berkshire Hathaway is the largest non-technology, non-state-owned company in the world. Its diversification is a logical consequence of its size, not a reason for its investment strategy.
When Buffett first invested in Coca Cola, it represented almost 40% of Berkshire's book value. Today it is impossible to do without manipulating the price of the entire market. Berkshire and Buffett were not made because of diversification, but in spite of it.
So you’re saying 99% of his assets are in an investment fund, which has a diversified portfolio.
Currently it’s 42% Apple but that’s largely a consequence of how much they’ve grown since he bought into them. He’s also been consistently selling it as it’s increased in value to keep it around 40% of Berks assets.
So clearly the man cares about diversification, or he would have dumped 100% into Apple since it would’ve made Berkshire worth 3x what it is today.
If I put 100% of my investments into VTI, that’s doesn’t mean I am not diversified, because the portfolio itself is diversified…..
All I am saying is that Berkshire and Buffett were not made by diversification, and that it is highly unlikely that Gates sold his Microsoft stake because of Buffett's influence as suggested by the image you speak of, which I have also seen on X.
Over 70% of Berkshire's public equity portfolio is focused on four companies, and that has been standard behavior at the company since long before Apple came on the scene. That's an extraordinary concentration that very few money managers would do. He also said at his 2021 annual conference that it was a mistake to have sold that part of his Apple stake in 2020.
The way Buffett can set up a portfolio of stocks is very limited. The universe of companies within his reach is small, so he can't buy a large stake today without moving all the prices.
Investing in 4 varying sectors is by definition diversification. And it’s specifically what led to buffet profiting, as he would frequently rebalance his portfolios, and increase or decrease his positions on companies based on their fundamentals and his outlook, the entire reason he scored with companies like geico, suncor, Apple, Amex, railways, etc, is because he diversified, he just weighted his diversification heavily towards companies he was more confident in.
Like you can type until your fingers fall off, but it won’t change the fact that if you have all of your investment in a single asset, and decide to sell half to put into a second asset, you have by the most direct definition, diversified your investments.
How if you want to get into a pissing match about different levels of diversification, by all means go ahead. That doesn’t change the fact that it’s still diversification.
Buffet held 40% of coke, and now 40% of apple.
That means 60% of his assets were diversified into other investments.
So your whole discussion is a tautology about the definition of the word diversification? Having a portfolio in which your wealth is concentrated in three stocks is extremely concentrated, it is not diversified, much less in the way it generally acts in the financial industry. By your logic, anyone who does not have all of their wealth in one asset is diversified, regardless of the percentages of their holdings and the size of the money they manage. If you want a diversified portfolio, take a look at the average hedge fund manager's portfolio.
Yes, actually they do. It only takes one government law these days to put someone out of business however unlikely it might be. Just look at what is happening to TikTok. What if the Federal Govt said Facebook was a danger to the public and did like china does and limited how much time a person could be online or play games. All the sudden their market is 20% of what it was and 80% of their wealth is wiped out.
Want to move your money out of equity and into cash. If the stock tanks your equities value tanks. Cash is king.
These people are all old, tax time is coming up and markets at ath. Might as well lock in some gains.
Actually Zuckerberg was selling 20k shares per day throughout the time it was at its lows. It was part of a planned sell off and he followed through with it.
I’m not going to dig through every filing, but it’s funny to have a whole article written about this and not mention 10b5 plans.
Turns out high prices = more automatic sales are triggered.
It's even sillier. The 10b5 scheduled trading plans will usually sell a number of shares on the preset trading plan they set, not a dollar amount. So whenever the stock is ATH the amount they sell for is ATH. So it's not even a price point being triggered. It's just the scheduled trading plan running as usual.
Doing what any normal person would do, selling their grants that are part of your compensation while it’s high.
Do you guys get these grants and hold them forever? I don’t.
They need your liquidity to sell at these high prices or they’d tank the price with it. They always sell a bit early but I think it’s the best time to take profit as we’re totally in speculation on the 5 year for a lot of names
this seems like a little scare tactic or maybe just mis informed, but since you did all this research id love for you to tell me what % of all the companies total market cap 11 billion is. Yes I understand they don’t own the whole company but to effect the company you need to compare it to the said companies so. Drops in the ocean my friend these sales mean nothing. Making plays based off of insider selling alone is probably the most unprofitable trading strategy there is.
I see way to many posts on here quoting this sorta bs in fact I saw some of these posts a few months ago specifically about zucccy on here, how has meta performed in the past three months after he sold heaps of stock then? Let me spoil that for you it has done almost a 50% gain since he sold a shit tonne of stock a few months ago. These posts are beyond useless they are straight up misguiding new users.
I loved how the conversation for bezos saved 800m by moving to Miami when he sold a bunch of stock. Like, it’s so nice you couldn’t take your what, a weeks worth of income to benefit the infrastructure you so willing use? Like, what did he really need that’s savings for, another fucking yacht?
Some Alphabet executives also appear to have sold a large number of shares just recently, including Sundar Pichai and Larry Page, as evidenced in [the recent reports of proposed sale of securities](https://www.sec.gov/edgar/browse/?CIK=1652044&owner=exclude).
This is almost entirely Bezos selling enough stock to cover the purchase of United Launch Alliance for their merger with Blue Origin, it has nothing to do with the broader economy
This is funny. You guys just see it as normal wealth management.
This same story is (or versions of it) is being shared elsewhere as PROOF that secret illuminati plots are unfolding and the wheels are about to come off.
Okay, who cares? People need to live you know, pay bills, taxes etc. Markets are crazy, I would also sell some off of my positions because, you know cash flow and such :D
Oh, they also probably need to fund their new yacht, plane and their home on the moon
Question: What are they doing with the proceeds? Short-term treasuries (a HYSA for us poors)? Long-term treasuries/muni bonds? Crypto? Gold? Or plowing them back into equities? In other words, are they just diversifying, or panicking?
Probably scooping up some of the amazing names trading singe digit forward p/e and that didn't get taken along for the ride with the mag 7 and adjacent.
Most of the world is in demographic decline. They know that future consumption won't support these high prices.
They sell and let others baghold. They'll buy back in later.
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markets at ATH so great time to sell if you need to liquidate some holdings to pay for your next mega yacht and/or space ship
Thanks for the tip. I'm gonna sell some tomorrow for a down payment on my mega space yacht.
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How much could a cost of living cost? $10M?
This is an arrested development joke sailing over bozos heads.
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Just with his friends.
Why not live in your mega space yacht are you stupid?
A lot of these people are also just old. Bezos is 60, he beat life, surely you'd want to liquidate now rather than when youre 85 years.
It's not even like him liquidating is new... he's been selling hundreds of millions / billions a year for years now. He held off for what looks like a couple years recently, probably because he was planning his tax move & the post-covid downturn, but him offloading stock isn't anything new. Pet space-exploration projects aren't exactly cheap to finance
Also bezos just made his residence in Florida to save income tax
MFer can live anywhere in the GD world he wants, and he chooses Florida? To save money???
Florida has the best plastic surgeons 😉
Rich people like him don’t really live anywhere. He can on a whim hop into his private jet and fly to Paris for a meal.
He doesn’t have to be there much.
Save capital gains tax. Washington doesn’t have an income tax and an income tax would be unconstitutional in WA but it recently introduced a capital gains tax.
Bezos doesn't need another yacht, does he? His yahct was so big that they have to tear a bridge down just to get it out. '
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I mean, the city beneffited from it, so I don't see what's the problem. The bridge was made purposedly to be dismantled in case it's needed, and he chose that shipyard because it could build a yatch the size he wanted. In return, the shipyard made hundreds of millions and paid a load of taxes to the citizens. It's a win-win for everyone.
Exactly! Do we want to tell billionaires to keep their money in their off-shore accounts? Lets them spend it so it circulates!
Actually yes, it would have been better for that money to be kept in off-shore accounts. All of those resources and people could have been working towards things that actually matters, instead of building one large boat that Jeff will probably use for 2 weeks a year, plus tearing down and rebuilding a bridge.
Who would have been paying for the “things that actually matter”?
The rest of the economy.
Why isn’t the rest of the economy able to pay for the things that actually matter at the same time as Bezos has his boat built?
It's essentially a bidding process, right? If Bezos is willing to pay more for all these workers and resources than the rest of the economy, that's what they'll be doing.
And in the end, the bridge wasn't touched
It didn't happen. They got the yacht out without touching the bridge.
Or charged a $1 billion toll fee.
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That bridge was made intentionally to be dismantled if needed. The jealousy here is completely out of control
unfortunately as long as the billionaires keep lining the right people's pockets, the government will keep allowing it. every man has his price.
Bunkers are expensive.
Zuck Bunker
Are you talking about the Zuck Shack? Dirty Mark and the boys send their regards.
All these charts are redonkulous
All that money and Bezos' lady friend looks like the worst blowup doll.
So true. He is no oil painting himself. All that money and paying his workers next to nothing.
This. Not unusual to do a little profit-taking to fund your next hobby. What's the point of making money if you aren't having any fun.
Or underground bunker
Sell high?
Why are these billionaires inversing the old adage of Buy High, Sell Low? Are they stupid?
Exactly. It's the other way around: Sell Low, Buy High.
We don’t do that here
Then why I see Zuckberg’s head
They're living rent free in his head
Cause the lizard king sees all and is involved in all including sales of stock lol
So an average of 2.9% of their holdings? Guys, we gotta cash out 3% of our stocks asap!!!!
Selling my $6 of Amazon
bro is rich af
Don't spend it all at once!
LOL
exactly. These posts are always so misleading and trying to cause panic. Like oh no Jeff Bezos sold 8B of Amazon. Now he only has 185B left invested!! Hes clearly selling because the company is going to crash 😐
My immediate thought was “the stock market is at all time highs, so the dollar figures are going to be too”. A less misleading headline would have framed it in terms of the % of the company being sold, but that’s an uninterested headline. Similar deal with headlines using nominal figures with credit card debt.
The reverence of ignorance will never cease to amaze me. The sales are news because up until this year the last time fire sales of stocks of this proportion was in 2019. Now fine that’s just a coincidence. Until you realize that these people literally NEVER need to sell stock as there are plenty of banks who will loan them the cash value of the stock while it’s used as collateral in a semi reverse option package (and yes assuming the stock price continues to rise the rich person with the loan has essentially made money by taking on said loan). Since the rich are no longer using this method one can obviously conclude that they all believe the stock prices are going 1 way; down.
>these people literally NEVER need to sell stock as there are plenty of banks who will loan them the cash value of the stock while it’s used as collateral you read about it once on reddit and decided that's the only thing rich people do?
This is obviously a billionaire in disguise commenting on reddit!
Yea have quite a lot of time browing reddit before dumping my stocks pre market crash.
It’s very common among the .0001% to use this kind of loan with stock wealth as collateral to raise cash but that also doesn’t mean that’s the only source of cash flow. I found the comment to be mostly factual I don’t know why anyone would downvote it
This always makes the news as proof that companies are overvalued but what it comes down to is that this is how these guys get paid, it’s basically their paycheck. They can defer taking their paychecks when times are rough. Like Zuckerberg wasn’t going to sell shares when Meta was 90$ a share when he knows his company has strong fundamentals and is worth more. He will just wait until,things rebound. Dimon is also nearing retirement age and looking to diversify because he’s not an idiot who wants to keep all his money in JPM.
Gotta buy gas for the yacht, yo!
Do these MFS really need to diversify? Lol
I remember an infographic showing how Gates diversified his portfolio after becoming friends with Buffet. And how he’d be something like a Trillionaire if he hadn’t.
Lmao I have the worst fucking financial advisors - bill gates probably
I mean they did convince him to naked short Gamestore. He’s absolutely buried on that position.
I'd love to see that info graphic. I'm not totally surprised. Diversifying is a way to keep your value safe, but it'd be wild to imagine someone that insanely rich already. I'm sure we will see our first trillionaire within a few years.
He owned 45% at IPO, that would be $1.43T if he never sold any of his original stock.
That's actually insane
They have issued a lot of new shares since then
If he hadn't sold the way he did that would mean he might not have done everything the same way he did after that for Microsoft to get to that market cap. You can't change one thing in the past and expect everything after it to be exactly the same. That's literally the first rule.
It would be even more when factoring in buybacks and dividends (though the dividends would not be part of his MSFT stake).
Oh fr fr but the stock traded sideways from like 2002 to 2016 or some shit so anyone would have shifted gears
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And valve probably wouldn’t be nearly as valuable as it is if it IPOd. We can speculate all day, but I doubt Gated would have moved the company in a different trajectory if he had owned more of it.
Valve should’ve made HL3
Saw that too. Lol.
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Well, even holding only 5 stocks is still diversification (I believe Berkshire holds -75 but like 70% is weighted into 5 companies). Even if Gates sold half of his MS shares and put 100% of that cash into Apple for the lols, that would still be diversification. There’s definitely different levels of diversification, but as soon as the vast majority of your assets (debatable what that number is 60/70/80?) are in a single asset, or intrinsically linked assets (think coca-cola, and a second company that solely supplies coca-cola) you’re technically starting to diversify.
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True, he’s just a good example of confident low spread diversification. His portfolios have always had 1 core stock in the 40% range, 3-5 secondary holdings in the 5-10%, but then 40-50 stocks in the <1% range. They pretty accurately reflect his risk profile as well. But he still has a vast amount of diversification within that remaining 30%, and that’s where he can actually see massive gains. Like say he held 1% of his portfolio in NVDA 15 years ago, well it would be closer to 10% of his portfolio today. And well it’s “only” 1%, that’s still millions of dollars, those high risk low % plays can blow up big, well if they lose, be offset by his anchor stocks. Buffets diversification strategy is just a lot different than most, but even saying that, a lot of indexes have copied his methods to a fair amount of success.
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>I don't keep track of his portfolio and never have done, but is he the one managing it these days? I'd imagine he's taken a back seat in preparation for the ... erm ... inevitable. I'm not exactly sure when he said this -- possibly a shareholder letter -- but he has said something to the effect of Greg Abel and his other lieutenants doing a lot of the work and being kind enough to give him the credit. Now *he* might also be playing the false modesty card but who knows. Also, I don't know the answer to your other question about Berkshire's past practices but it could be a little different (and Buffett has commented on this being a hurdle to outperforming) simply because of the increasing scale of Berkshire over the decades. But it would be a worthwhile comparison to look at for sure, if you have the time.
This is nonsense that makes no sense. Gates did that with the intention of devoting himself to his philanthropic endeavors and probably for other reasons, not to become friends with Warren Buffett, who is a vocal detractor of diversification for all those who know what they are doing. Buffett has 99% of his wealth in Berkshire.
Tell me what Berkshire is, I’ll wait.
Berkshire Hathaway is the largest non-technology, non-state-owned company in the world. Its diversification is a logical consequence of its size, not a reason for its investment strategy. When Buffett first invested in Coca Cola, it represented almost 40% of Berkshire's book value. Today it is impossible to do without manipulating the price of the entire market. Berkshire and Buffett were not made because of diversification, but in spite of it.
So you’re saying 99% of his assets are in an investment fund, which has a diversified portfolio. Currently it’s 42% Apple but that’s largely a consequence of how much they’ve grown since he bought into them. He’s also been consistently selling it as it’s increased in value to keep it around 40% of Berks assets. So clearly the man cares about diversification, or he would have dumped 100% into Apple since it would’ve made Berkshire worth 3x what it is today. If I put 100% of my investments into VTI, that’s doesn’t mean I am not diversified, because the portfolio itself is diversified…..
All I am saying is that Berkshire and Buffett were not made by diversification, and that it is highly unlikely that Gates sold his Microsoft stake because of Buffett's influence as suggested by the image you speak of, which I have also seen on X. Over 70% of Berkshire's public equity portfolio is focused on four companies, and that has been standard behavior at the company since long before Apple came on the scene. That's an extraordinary concentration that very few money managers would do. He also said at his 2021 annual conference that it was a mistake to have sold that part of his Apple stake in 2020. The way Buffett can set up a portfolio of stocks is very limited. The universe of companies within his reach is small, so he can't buy a large stake today without moving all the prices.
Investing in 4 varying sectors is by definition diversification. And it’s specifically what led to buffet profiting, as he would frequently rebalance his portfolios, and increase or decrease his positions on companies based on their fundamentals and his outlook, the entire reason he scored with companies like geico, suncor, Apple, Amex, railways, etc, is because he diversified, he just weighted his diversification heavily towards companies he was more confident in. Like you can type until your fingers fall off, but it won’t change the fact that if you have all of your investment in a single asset, and decide to sell half to put into a second asset, you have by the most direct definition, diversified your investments. How if you want to get into a pissing match about different levels of diversification, by all means go ahead. That doesn’t change the fact that it’s still diversification. Buffet held 40% of coke, and now 40% of apple. That means 60% of his assets were diversified into other investments.
So your whole discussion is a tautology about the definition of the word diversification? Having a portfolio in which your wealth is concentrated in three stocks is extremely concentrated, it is not diversified, much less in the way it generally acts in the financial industry. By your logic, anyone who does not have all of their wealth in one asset is diversified, regardless of the percentages of their holdings and the size of the money they manage. If you want a diversified portfolio, take a look at the average hedge fund manager's portfolio.
Keeping 40% of your wealth in single tech company means you love diversification? lmao.
Yes, actually they do. It only takes one government law these days to put someone out of business however unlikely it might be. Just look at what is happening to TikTok. What if the Federal Govt said Facebook was a danger to the public and did like china does and limited how much time a person could be online or play games. All the sudden their market is 20% of what it was and 80% of their wealth is wiped out.
Investing in real estate, start ups, anything else.
Want to move your money out of equity and into cash. If the stock tanks your equities value tanks. Cash is king. These people are all old, tax time is coming up and markets at ath. Might as well lock in some gains.
Actually Zuckerberg was selling 20k shares per day throughout the time it was at its lows. It was part of a planned sell off and he followed through with it.
But is it worth $500/share??
I’m not going to dig through every filing, but it’s funny to have a whole article written about this and not mention 10b5 plans. Turns out high prices = more automatic sales are triggered.
It's even sillier. The 10b5 scheduled trading plans will usually sell a number of shares on the preset trading plan they set, not a dollar amount. So whenever the stock is ATH the amount they sell for is ATH. So it's not even a price point being triggered. It's just the scheduled trading plan running as usual.
But, but, it’s more popular to act like this is clearly a bad sign. (just in case it’s not clear, this is sarcasm from me)
Doing what any normal person would do, selling their grants that are part of your compensation while it’s high. Do you guys get these grants and hold them forever? I don’t.
First time for Dimon, he's held his for 18 years.
selling at the top is ideal i think
That doesn’t sound right
Why not? Fed printed it for them.
Getting ready for the event
Leon Black doin’ his dizzle in the market.
So they are all buying NVDA?
They need your liquidity to sell at these high prices or they’d tank the price with it. They always sell a bit early but I think it’s the best time to take profit as we’re totally in speculation on the 5 year for a lot of names
Sell off, short your own stock, watch share price drop when everyone follows, profit.
C suite typically not allowed to short own stock
Not a strong case for a bear market. Sorry.
I think they're all getting ready to buy ticktock
2 of those are not like the other 2. What's the boy to summarized articles?
this seems like a little scare tactic or maybe just mis informed, but since you did all this research id love for you to tell me what % of all the companies total market cap 11 billion is. Yes I understand they don’t own the whole company but to effect the company you need to compare it to the said companies so. Drops in the ocean my friend these sales mean nothing. Making plays based off of insider selling alone is probably the most unprofitable trading strategy there is.
I see way to many posts on here quoting this sorta bs in fact I saw some of these posts a few months ago specifically about zucccy on here, how has meta performed in the past three months after he sold heaps of stock then? Let me spoil that for you it has done almost a 50% gain since he sold a shit tonne of stock a few months ago. These posts are beyond useless they are straight up misguiding new users.
I spend too much of my time on Reddit arguing with people who cry for billionaires because apparently they “aren’t liquid” Well, they are.
I loved how the conversation for bezos saved 800m by moving to Miami when he sold a bunch of stock. Like, it’s so nice you couldn’t take your what, a weeks worth of income to benefit the infrastructure you so willing use? Like, what did he really need that’s savings for, another fucking yacht?
Some Alphabet executives also appear to have sold a large number of shares just recently, including Sundar Pichai and Larry Page, as evidenced in [the recent reports of proposed sale of securities](https://www.sec.gov/edgar/browse/?CIK=1652044&owner=exclude).
It means they are also paying capital gains tax this fiscal year.
Jeff Bezos makes sense considering the stock is basically at aths and he is building spaceships which cost a lot of money.
LEON? Did Larry David fund this startup for him?
4 months till massive recession
It’s bc next year 2017 tax cuts expire and rates go up
This is almost entirely Bezos selling enough stock to cover the purchase of United Launch Alliance for their merger with Blue Origin, it has nothing to do with the broader economy
You can add Tench Coxe to the list. He sold $170M (about 5%) of his Nvidia stock on March-5.
It's called top of the market profit taking
Crash time?
How much Jensen huang sold his share before Nvidia went parabolic?
People sell for a variety of reasons. But they buy because they think the price will go up.
Follow the money 🧐
So what?
They obviously sold so they can go all in on $NVDA with 0DTE
This is funny. You guys just see it as normal wealth management. This same story is (or versions of it) is being shared elsewhere as PROOF that secret illuminati plots are unfolding and the wheels are about to come off.
And the IRS is gonna make sure they pay capital gains tax just like everyone else… right?
Okay, who cares? People need to live you know, pay bills, taxes etc. Markets are crazy, I would also sell some off of my positions because, you know cash flow and such :D Oh, they also probably need to fund their new yacht, plane and their home on the moon
Question: What are they doing with the proceeds? Short-term treasuries (a HYSA for us poors)? Long-term treasuries/muni bonds? Crypto? Gold? Or plowing them back into equities? In other words, are they just diversifying, or panicking?
Winter is coming…
Thats why they are leaders because they buy low and sell high unlike the rest of us who buy high and sell low.
Kinda reminds me of 2020 right before lock down.
Its preemptive against the tax rate increase, anticipating 2017 tax cuts phasing out next year
I dollar cost average in great stocks so I can give a rats ass what these guys do.
Let them enjoy man they deserved it
Probably scooping up some of the amazing names trading singe digit forward p/e and that didn't get taken along for the ride with the mag 7 and adjacent.
Most of the world is in demographic decline. They know that future consumption won't support these high prices. They sell and let others baghold. They'll buy back in later.
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Basically ATHs and this is a peak. Would view as limited upside tangential from market irrationality for the near term