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by cromulent 5758 days ago
So, when Gates bought 150M of Apple stock in 97, was he betting against himself? Worked out to be a winning bet for Gates.

As Jobs said at the time: "We have to let go of a few notions here. We have to let go of the notion that for Apple to win, Microsoft needs to lose.”

1 comments

So, when Gates bought 150M of Apple stock in 97, was he betting against himself?

Pretty much, yes. It made him seem like less of a monopolist.

Worked out to be a winning bet for Gates.

That's what happens when you bet on every horse in the race. It's something that Microsoft does a lot.