Eeee. Youre completing forgetting that he can BORROW against those stocks, and pay a measly interest rate, paying out when it’s convenient through various loops of the tax system. Warren Buffet, even if his worth in billions is not in his pocket, has contributed less than most relative to his income.
“You really don’t need leverage in this world much. If you’re smart, you’re going to make a lot of money without borrowing,” he said. “I’ve never borrowed a significant amount of money in my life. Never. Never will. I’ve got no interest in it.”
He’s notoriously frugal. I’m sure some of his investments provide cash flow, which would be taxed, and more than enough for him to live on, while still being a small part of his overall portfolio.
Elon borrowed money to close the Twitter deal and take it private. He’s no longer beholden to the shareholders, but he is still at the mercy of the ones holding his debt, which puts him in a very vulnerable and seemingly desperate position. Warrens seems to have grown up enough to see the trap.
Eeee. Youre completing forgetting that he can BORROW against those stocks, and pay a measly interest rate, paying out when it’s convenient through various loops of the tax system. Warren Buffet, even if his worth in billions is not in his pocket, has contributed less than most relative to his income.
He could, but is that actually what’s happening? If not, you’re making up things to be upset about.
He speaks out against using leverage and debt.
https://www.cnbc.com/2018/04/12/warren-buffetts-big-life-lesson-to-students-dont-borrow-money-like-donald-trump.html
“You really don’t need leverage in this world much. If you’re smart, you’re going to make a lot of money without borrowing,” he said. “I’ve never borrowed a significant amount of money in my life. Never. Never will. I’ve got no interest in it.”
He’s notoriously frugal. I’m sure some of his investments provide cash flow, which would be taxed, and more than enough for him to live on, while still being a small part of his overall portfolio.
Elon borrowed money to close the Twitter deal and take it private. He’s no longer beholden to the shareholders, but he is still at the mercy of the ones holding his debt, which puts him in a very vulnerable and seemingly desperate position. Warrens seems to have grown up enough to see the trap.