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Posted on 5/28/22 at 10:21 pm to SmackoverHawg
Bill Gates is worth around $125 billion.
It's not going to be $1.5-2 billion for Bill to close any shorts at all - he had a $500 million short position when Tesla's stock was up, Tesla's stock has gone down so he'll have either have made money if he purchased it at the time.
If he purchased it earlier, only Bill knows if he's made money off it. There's almost no chance of Bill going bankrupt.
Investors usually trade longs and shorts in pairs. If Bill has gone short on Tesla, he'll have hedged with a long position in another security or index hedged it. The aim is to make money off either the long or short position - if Bill is short Tesla, the long position may be up which cancels out any losses from Tesla.
The point is, nobody but Bill knows whether he's up or down. If he's employing a long/short strategy, he'll be up and he's almost certainly going to be hedged in some way.
It's not going to be $1.5-2 billion for Bill to close any shorts at all - he had a $500 million short position when Tesla's stock was up, Tesla's stock has gone down so he'll have either have made money if he purchased it at the time.
If he purchased it earlier, only Bill knows if he's made money off it. There's almost no chance of Bill going bankrupt.
Investors usually trade longs and shorts in pairs. If Bill has gone short on Tesla, he'll have hedged with a long position in another security or index hedged it. The aim is to make money off either the long or short position - if Bill is short Tesla, the long position may be up which cancels out any losses from Tesla.
The point is, nobody but Bill knows whether he's up or down. If he's employing a long/short strategy, he'll be up and he's almost certainly going to be hedged in some way.
Posted on 5/28/22 at 10:40 pm to GhostOfFreedom
Gates is is one of those motherfrickers with a god complex, imo.
Posted on 5/28/22 at 10:47 pm to FastingFiduciary
quote:
It's not going to be $1.5-2 billion for Bill to close any shorts at all - he had a $500 million short position when Tesla's stock was up, Tesla's stock has gone down so he'll have either have made money if he purchased it at the time.
I read that he opened it when Tesla was $200. Certainly cannot confirm, but I hope he's losing his arse.
Posted on 5/28/22 at 10:52 pm to Lakeboy7
quote:He did. He was in the right place at the right time, locked in a licensing agreement that minted money for decades and everything he did after was a shite show. He's not some awesome visionary.
Yeah he really got lucky with that Microsoft thing.
Posted on 5/28/22 at 11:03 pm to SmackoverHawg
I can't speak for him but I'd fire his investment staff if he wasn't hedged in some way.
When you open up a short position, usually you open up a long position elsewhere. We don't know whether he had a long position elsewhere so it's impossible for us to say.
With that said, he's worth $125 billion. A short put position of such a 'small' size makes no difference to him whether he loses it all or doesn't.
When you open up a short position, usually you open up a long position elsewhere. We don't know whether he had a long position elsewhere so it's impossible for us to say.
With that said, he's worth $125 billion. A short put position of such a 'small' size makes no difference to him whether he loses it all or doesn't.
This post was edited on 5/28/22 at 11:04 pm
Posted on 5/28/22 at 11:27 pm to 1BIGTigerFan
quote:
This would never happen. The amount of stock your allowed to borrow, would never exceed your ability to cover a loss.
This has been recently proven false
Posted on 5/28/22 at 11:28 pm to coolpapaboze
quote:
He did. He was in the right place at the right time, locked in a licensing agreement that minted money for decades and everything he did after was a shite show. He's not some awesome visionary.
And reports are he was a good programmer
Posted on 5/29/22 at 1:35 am to FastingFiduciary
“Investors usually trade longs and shorts in pairs”
I hope it’s Twitter and Elon cuts his balls off
I hope it’s Twitter and Elon cuts his balls off
Posted on 5/29/22 at 1:52 am to SlapahoeTribe
quote:
What happens if someone’s liability in a short exceeds their ability to pay? Are they forced out of it or can they hold on to it hoping the stock price changes in their favor?
Posted on 5/29/22 at 4:40 am to SmackoverHawg
quote:IDK.
Elon putting it out there to embarrass Gates and get him to double and triple down.
The last point I can discern where Gates' could have shorted TSLA compatible with Musk's claims would be July 2021.
More realistically considering the recent $663.90 TSLA nadir, and given Musk's $500M => $2B claim, Gates' initial short would need to have fallen in the sub-$600pps range, which would place it May 2021 at the latest. Even in May2021, Gates would have needed to set his short borrow on a stock pricing downswing, which would be unusual. The last TSLA upswing in that pps range was Nov 2020.
At the $664/share mark (recent nadir), shorts drawn Aug2021-Feb2022 (when Musk ID'd Gates as short) would be in the money. However, Musk indicates the short position is still active, and substantially out of the money. If true, it points to a >1yr short-loan carry.
Seems odd.
Posted on 5/29/22 at 5:04 am to coolpapaboze
quote:
He did. He was in the right place at the right time, locked in a licensing agreement that minted money for decades and everything he did after was a shite show. He's not some awesome visionary
Yeah bill is a POS but the Xbox is better than the PlayStation
Posted on 5/29/22 at 8:37 am to FastingFiduciary
quote:
Tesla's stock has gone down so he'll have either have made money if he purchased it at the time.
The current stock price is still higher than when he began his short position
Posted on 5/29/22 at 8:47 am to stout
quote:Again, if that's true, it is a year old position.
The current stock price is still higher than when he began his short position
Posted on 5/29/22 at 8:52 am to GhostOfFreedom
Whatever happened to the news about gates paying for a negative news campaign against Tesla/Musk?
Posted on 5/29/22 at 10:12 am to Plx1776
quote:
Gates is is one of those motherfrickers with a god complex, imo.
It's not Gates with the complex; it's you. And it's an inferiority complex.
Posted on 5/29/22 at 10:15 am to Penrod
quote:
Penrod
Are you in love with the Liberal Gates?
Get out of the Republican Party pussy boy.
Posted on 5/29/22 at 10:29 am to Penrod
quote:
Gates is is one of those motherfrickers with a god complex, imo.
It's not Gates with the complex
Let's be CRYSTAL CLEAR about this Penrod. Gates is a man with a high school biology education who envisions himself as one of the world's foremost medical emissaries, saving countless lives as he does.
That pretty much defines God Complex.
Posted on 5/29/22 at 3:49 pm to NC_Tigah
quote:
Let's be CRYSTAL CLEAR about this Penrod. Gates is a man with a high school biology education
Oh yeah, that’s Bill Gates’ highest achievement. Bill Gates is a brilliant man. Brilliant men are often mistaken, though, and sometimes about the most important things. Maybe Gates is mistaken in his early belief in the efficacy of the vaccine. That doesn’t mean he has a God complex.
Bill Gates is a man who, through a combination of lucky timing, daring entrepreneurship, brilliance in programming, and competent leadership, built one of the greatest fortunes the world has ever seen. At some point, he had an epiphany and decided that enough was enough, and he would dedicate his life to using his fortune to try to solve the most intractable problems facing mankind.
I salute him for this, and I admire his benevolence. Unfortunately Gates, in my opinion, attacked the wrong problems, sometimes making the world worse instead of better.
Unfortunately also, many, such as you, have a cartoonish outlook on the world and must categorize everyone with whom you disagree as evil. Gates is not. He is a good man who, right or wrong, wants to help his fellow man more than anything else.
Posted on 5/29/22 at 6:46 pm to Penrod
quote:Penrod, you haven't the slightest hint of a clue as to my outlook. You made an idiotic statement about a man who envisions his success leaving him atop one arena, automatically translating to another. You doubled down here.
Unfortunately also, many, such as you, have a cartoonish outlook on the world
quote:No!
Oh yeah, that’s Bill Gates’ highest achievement.
... and obviously that was not the contention.
However, it is what Gates spends the majority of his time on now. When he speaks on healthcare topics, he does so with the expectation he is making intellectual contributions to the discussion which outstrip those of medical experts.
If we were talking computer software systems, or even medical information systems, Gates' expectations would be justified. But we are not talking software. We are talking medicine. Gates' expertise in medicine is non-existent.
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