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1
Posted on 9/8/14 at 11:29 am to CocomoLSU
quote:
Posted by Broke on 9/8 at 10:56 am to TClayboy99
You people are such idiots. You would nit pick the Pope's Sunday prayer if you thought you were right.
Posted on 9/8/14 at 11:31 am to Broke
quote:I thought the Pope totally messed up on the "full of grace" part......
You would nit pick the Pope's Sunday prayer if you thought you were right.
Posted on 9/8/14 at 11:32 am to CaptainsWafer
quote:opportunity cost bro
Did he lose it if he never actually had it?
Posted on 9/8/14 at 11:32 am to Broke
It's not nit picky. You're title is wrong.
If you said "lose out on $60 billion" it would be right.
If you said "lose out on $60 billion" it would be right.
This post was edited on 9/8/14 at 11:33 am
Posted on 9/8/14 at 11:34 am to CaptainsWafer
quote:
You people are such idiots. You would nit pick the Pope's Sunday prayer if you thought you were right.
Now he's throwing in horrible analogies too?
People should nitpick (his word, not mine because it's not the correct word) this thread because the title of it is 100% inaccurate.
Posted on 9/8/14 at 11:35 am to TH03
He had a 10% stake. Now he doesn't. And now that stake is worth 60 Billion. So did he actually have it? Or did he not have it?
I really just want to watch people squabble over the thread title now.
I really just want to watch people squabble over the thread title now.
Posted on 9/8/14 at 11:38 am to Broke
He never had the $60 billion. He lost out on the chance to have that money, but he never had the money to lose.
Posted on 9/8/14 at 11:39 am to Broke
quote:
He had a 10% stake. Now he doesn't. And now that stake is worth 60 Billion. So did he actually have it? Or did he not have it?
Of course he had it. Almost 40 years ago. And he sold it (I'm assuming for a huge profit at the time).
Missing out on money =/= losing it.
Losing a chance to make money =/= losing money either.
You're smarter than this...you're in finance for chrissakes.
ETA: I'd bet that if he did FMV calculations back then, he came out way ahead and made a great business decision.
This post was edited on 9/8/14 at 11:41 am
Posted on 9/8/14 at 11:40 am to CocomoLSU
If the "it" refers to the money, he absolutely did not have it.
Posted on 9/8/14 at 11:41 am to TH03
quote:
He never had the $60 billion. He lost out on the chance to have that money, but he never had the money to lose.
If Microsoft shares decline 50% you, without a doubt, will hear the media saying Gates lost $100 billion. But did he really lose? Shares are the same
Posted on 9/8/14 at 11:41 am to Broke
No squabbling, just an inaccurate title
Posted on 9/8/14 at 11:41 am to TH03
This is broke:
Posted on 9/8/14 at 11:41 am to Broke
quote:
Wayne said he had no regrets
Someone is completely full of shite.
Posted on 9/8/14 at 11:42 am to CocomoLSU
quote:
You're smarter than this...you're in finance for chrissakes
I can't change the title now. These people are worked up. You included
Posted on 9/8/14 at 11:42 am to Broke
his 10% stake was never worth 60 billion, therefore he never lost 60 billion dollars
Posted on 9/8/14 at 11:43 am to Broke
Well that's not really similar at all. Gates still owns the shares. This apple guy doesn't.
Posted on 9/8/14 at 11:43 am to Broke
quote:
If Microsoft shares decline 50% you, without a doubt, will hear the media saying Gates lost $100 billion. But did he really lose? Shares are the same
His net worth decreased, yes
Posted on 9/8/14 at 11:43 am to Broke
quote:
If Microsoft shares decline 50% you, without a doubt, will hear the media saying Gates lost $100 billion. But did he really lose? Shares are the same
Bill Gates owns Microsoft (stock). So if that declines, then his wealth declines.
This dude sold off his 10% 40 years ago. You can't look back now and say he lost $60B. He lost out on a(n unknown) chance at $60B, sure...but that's not the same thing.
Posted on 9/8/14 at 11:44 am to CocomoLSU
Remind me to ignore his financial advice in the future
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