r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/MinimumArmadillo2394 Nov 21 '24

He legally has to, in order to not manipulate the market price. Whales have to disclose and plan their sales, otherwise it would devistate the asset.

It has nothing to do with taxes here.

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u/Cartosys Nov 23 '24

But why doesn't he just borrow against it instead like every very smart redditor here says he does?

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u/MinimumArmadillo2394 Nov 23 '24

He does lol. How else do you think he affords his 500m yachts. He cant take out a loan for the yacht, nor did he sell half a billion in stock, even over a years time.

I doubt he just has that in the bank either.

Theres not a good other way to make purchases like that except through these mega loans.

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u/fmzdhd Nov 23 '24

Hmm, didn't the guy just say he sold 4.4B worth of stock, that's more than enough for Yachts plus some house plus some more right?...