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by prostoalex
3920 days ago
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> They live off capital gains from selling stocks and bonds. That is also not entirely true. Sales of publicly traded stock by large shareholders is public information, and as an example, Mark Zuckerberg, sold a $2.3 billion chunk of shares in 2012 post-IPO when he became eligible http://www.theguardian.com/technology/2013/dec/19/facebook-m... and has not sold a single share ever since https://finance.yahoo.com/q/it?s=fb except for a disposition (charitable contribution). He probably doesn't need to either, there's a long wait before that bank account gets depleted. It does not make sense for 1% to be transacting heavily in the assets they own, and if they're company officers they're frequently sending negative signals by doing that. |
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