Slacker News Slacker News logo featuring a lazy sloth with a folded newspaper hat
  • top
  • new
  • show
  • ask
  • jobs
Library
← Back to context

Comment by jdm2212

2 days ago

Larry has sold tons of Alphabet stock and paid lots of capital gains taxes. This is easily available public information. The whole buy-borrow-die thing is sort of a stupid myth. Actual centibillionaires diversify because the risk of having a huge concentrated position is much greater than the liability of having to pay some capital gains taxes.

0 comments

jdm2212

Reply

No comments yet

Contribute on Hacker News ↗

Slacker News

Product

  • API Reference
  • Hacker News RSS
  • Source on GitHub

Community

  • Support Ukraine
  • Equal Justice Initiative
  • GiveWell Charities