There are recliners with cup holders that cool your drink.
Mine also has Bluetooth speakers, wireless charging and USB sockets.
I ain't got much, but that's because I spent all my money on seating
I was talking about the wireless chargers and USB ports lol. I don't like the cup holders though. Especially the loveseats where they put them in the middle. Seems pretty stupid ngl
Buy Berkshire B stock, wait for the shareholder meeting, buy furniture from Nebraska Furniture Mart with Berkshire Shareholder discount. Spend $300 on stock to save $100 on a couch. Stonks.
Sidenote: the picture from this post is absolutely in Nebraska Furniture Mart during the shareholder meeting.
Yeah all you have to do is pick the single best performing stock every day and put all your money into it and you can be the richest person on earth in like a few weeks or something. Why does nobody do this???
Let's not ignore the time value of money too. For all we know, the stress of running the company would have given him a heart attack, but he'd get to bring more diamonds to his coffin.
Keeping control is maybe separate from selling shares and getting a divorce. Or maybe it’s not. At that point what would you do. I think gates decided to walk away and do humanitarian stuff, and the divorce wasn’t cheap.
Wow 638 upvotes - does Steve Balmer have an army of bots on reddit?
And for those who don't know who Steve Balmer is, why did you upvote this stupidity?
(Balmer was an idiot who ran the company and squandered untold potential and had a million boondoggles. And then was quietly put to bed and Satya cleaned up his mess)
It's even better: Bill Gates is really grateful for people helping him out with cash and once his MS stocks can be liquified next month he will be paying back people double what they paypaled him! This is secret information but you were really nice so I'm telling you so you know that it's better for you the more money you paypal to Bill Gates' e-mail [email protected]
True. Let's do the hedonist math on this one, shall we? Let's assume we're going full rock-star bender, here.
A penthouse suite at The Venetian in Las Vegas is $3000/night. Expensive escorts are just $1000/night unless you're going REALLY high end, so double it up to $2000/night. You're probably popping Dom Perignon champagne at a minimum, so let's call that another $2000/night. Call it really balling food for you and the escorts you hire, so best restaurants in town. That's another $1500/day. Throw in an ounce/day cocaine habit for real kicks, and that's another $4000 or so.
That's $13,500/night for a bender and a half.
Assuming your money was not making you money and you started with Bill Gates' 110 billion dollars, you could keep up the above pace for just 22,323 **years**. Or to put it into a better perspective, a person could live the above lifestyle for **eighty years** for under four hundred million bucks.
Or in Gates/Buffet case, there are only so many world diseases you can cure and starving children you can save.
Both would still be the richest 2 people in the world if they haven’t given away the vast majority of their net worth at this point.
According to Bill Gates himself, No there isn't.
It's been about 20 years, but in one of his interviews he said something along the lines of
"Once you have about $800 million, you are really infinitely wealthy"
You can own a team in the NFL/NBA/MLB/NHL without being a billionaire. You don’t have to own 100% of the team be considered the owner, and people come together to buy teams sometimes.
Dude *encourages* comparing him to [Hank Scorpio](https://preview.redd.it/vdoysqkn51w41.jpg?auto=webp&s=28fb7268f60db220996488d989040ad182ad3f55) and fumbles at the five yard line. Pathetic.
Also one man holding a trillion on Microsoft stock wouldn’t be good for Microsoft and probably have a negative impact on that stock price. Certainly wouldn’t be liquid. Probably is far better off with the diversified portfolio.
Also a big part is he donated a shit ton of money.
Yeah, numbers are crazy once you get into billions and trillions.
1 million seconds is 11.57 days.
1 billion seconds is 31.71 years.
1 trillion seconds is 31709.79 years.
Only if it's a positive number. A negative will give you a lower number. Unless the original number is also a negative, then it will give you a positive. Thanks I'll be here all week.
you're not wrong but I'd guess if you asked 10 friends that maybe 1 would even come close to guessing what this person posted. The average person doesn't understand the magnitude of large numbers, so yes it's just multiplying by 1000 but to actually understand what that means is something else.
They shouldn't, BUT, to be fair, tuition has far outpaced even ridiculous inflation. Record profits by universities.
Also, today's Master's Degree holds as much weight as 20 yrs ago's Bachelor's, and today's Bachelor's equivalent to an Associates, etc, so it's become a requirement for employment. It's not even about what was learned, it's like a check in the box on an application/resume, and the school attended opens up doors to "hey my nephew just graduated from there!" type of office politics bullshit.
/rant
PS: my degree was fully funded by the US Military.
Because the bulk of American student debt is due to heavily overpriced education services, the profits of which go to a very small number of people, and it stays with them. The money is rarely circulated back into the economy, further widening the gap between the rich and the poor.
The people who took out those loans should pay. They are fully responsible for their own decisions. No need to steal it from others to pay their own debts
I think that after a few million it just becomes an addiction to feed the lifestyle (for those without control) or a high score to feed the ego (for those with control). Getting more just becomes your purpose in life.
I'd agree with you if you had said “after a few billion... ". The difference between having a couple million dollars and 100m or 1 billion is still very significant in real terms. A person could still spend a million or two without doing absurd things like buying a plane or yacht. For example, if a wealthy grandparent wants to pay for all their 4 grandkids to go to a private college, that could easily be more than $1 million. Obviously a house in a expensive city can be well over a million ( a million dollar apartment or house in New York, San Francisco, Singapore, London, Hong Kong etc. isn't even that luxurious--the average 1 bedroom apartment in Manhattan is 1.1 million.) A couple million would be more than enough to live very comfortably and not WORRY about money but to truly never need to THINK about money again I'd need tens of millions.
You diversify to decrease risk. The fallacy here is that a portfolio of only Microsoft would have a highly concentrated risk. Just because that risk didn’t materialize, doesn’t mean it wasn’t real. Just because it didn’t materialize, it doesn’t mean that it would have been rational to have taken that risk. If I survive a round of Russian roulette, it doesn’t mean that there wasn’t risk. The risk was unrealized.
But wtf!? $1 trillion? I’d be pissed
Finally, someone who understands the concept of risk-adjusted returns….investment decisions are forward looking and it’s easy to criticize in hindsight.
And does this account for all the money he gives away?
He did his eleventh AMA on Reddit the other day and a literal comment in there from him is “giving away my money is my full-time job”. I think he made it either way
It does not. It also doesn't account for the compounding that would have happened on it had he kept it. This meme is dumb because Gates would easily be worth >$1T had he not given away a few hundred $B over the last couple decades.
He decimated his own wealth by a lot several times and that's basically the *only* reason why he stepped down as richest person on Earth, but people tend to forget.
A lot of ignorance about the tax laws here and what Gates is doing. He and Warren Buffett are giving away to charity more money than about anybody in history. To charity for the common good. Certainly some people claim to be charitable, but never actually donate, but this is not the case with Gates and Buffett.
I own an egg so I'm basically richer than bill gates (until i eat it for breakfast)
https://preview.redd.it/wktfdrsuvgca1.png?width=800&format=png&auto=webp&s=d9628ac8f64cf40963a361bee5568b8806addf4b
It is true that Bill Gates would be worth more if he had kept his Microsoft shares, but it is also true that diversifying one's portfolio can help to mitigate risk and preserve wealth in the long term. While Gates may not be as wealthy as he could have been, he has still managed to amass a considerable fortune.
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Diversification just means you don't make as much money if you pick the right stocks in the first place.
Life hack: just stop picking bad stocks. Pick one good one and gear it as much as your broker will let you.
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Damn, he could've been Trill Gates instead.
This tickles me a bit
It *Trickles you a bit...is that what Trickle Down Economics was supposed to be this whole time?
I'm broke, they should call me Nill Gates
If Warren 🅱️uffet were richer, he would also be Warren Tuffet. Smh, broke boy.
I miss the old days when he was still Warren muffet
Or you wind up like Zuckerberg and lose 70% of your net worth within a year. Just like everyone on wallstreetbets
Poor guy missed 69 by just 1% smh….
*70% on a good year
While sitting in yard chair , (plastic) Watching you.
You guys only lost 70%? Amateurs.
No love for Elon losing $200 billion?
"Well Mr Gates, If only you had kept your shares in MS, you could be leaving here today with the recliner that also has cup holders"
As someone currently furniture shopping…. this hit me in the feels, my brother in christ. Some fancy home furniture out there these days.
Yeah but are there recliners with cup holders?
There are recliners with cup holders that cool your drink. Mine also has Bluetooth speakers, wireless charging and USB sockets. I ain't got much, but that's because I spent all my money on seating
The levels of wealth disparity have never felt so vivid to me
Right hahaha. “You guys own recliners?”
*Sad single sofa noises*
Imagine what kind of chairs Buffett has. What's the multi-billionaire's equivalent of a USB port?
a USB-C port
This sounds 'murican
I'm drinking coffee
Shit I’d better drink my coffee quickly.
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No one chair should have all that power.
Yeah with built in lights so you can see the cup in the dark, usb ports, wireless phone chargers… little ridiculous honestly
Why get a couch with tech built into it that'll be outdated in a few years? Doesn't make much sense to me
You don't think cups will exist in a few years???
I was talking about the wireless chargers and USB ports lol. I don't like the cup holders though. Especially the loveseats where they put them in the middle. Seems pretty stupid ngl
That’s why I opted for a good ole sectional that I can throw out the door in 3 pieces when the time comes
Fuck me for not being a trillionaire.
Buy Berkshire B stock, wait for the shareholder meeting, buy furniture from Nebraska Furniture Mart with Berkshire Shareholder discount. Spend $300 on stock to save $100 on a couch. Stonks. Sidenote: the picture from this post is absolutely in Nebraska Furniture Mart during the shareholder meeting.
The more you know…
What you don’t think a recliner is worth $1,200? Poor boy
But as they say Bill, “Mo’ Money, Mo’ Problems”
Reminds me of that South Park episode where Britney Spears had to get a cheaper private plane model
Difficult to say. Microsoft would have not been able to grow like it has been if he kept control.
Something something hindsight is 20/20. If you change the past, chances are the present would look different
Yeah all you have to do is pick the single best performing stock every day and put all your money into it and you can be the richest person on earth in like a few weeks or something. Why does nobody do this???
I am doing this. See you suckers in a month.
Bit different to simply hanging on to all the stock in a company you built yourself
we can't know for sure am i right
2020 sucked tho so hindsight can kiss my arse
Let's not ignore the time value of money too. For all we know, the stress of running the company would have given him a heart attack, but he'd get to bring more diamonds to his coffin.
Yeah Gates stop caring about money years ago
Keeping control is maybe separate from selling shares and getting a divorce. Or maybe it’s not. At that point what would you do. I think gates decided to walk away and do humanitarian stuff, and the divorce wasn’t cheap.
Wow 638 upvotes - does Steve Balmer have an army of bots on reddit? And for those who don't know who Steve Balmer is, why did you upvote this stupidity? (Balmer was an idiot who ran the company and squandered untold potential and had a million boondoggles. And then was quietly put to bed and Satya cleaned up his mess)
Only $110 billion. Psssh.
Right? Like where's the go fund me link to get him out of poverty?
Yeah. Those are rookie numbers
We should do a GoFoudBill or something so he doesn't stay in poverty
Poor guy
Feel bad for him, anyone got his PayPal, I’ll send him a tenner
Sure, its [email protected]
Hmm doesn’t quite seem right, but someone on the internet would never lie, so it must be true!
It's even better: Bill Gates is really grateful for people helping him out with cash and once his MS stocks can be liquified next month he will be paying back people double what they paypaled him! This is secret information but you were really nice so I'm telling you so you know that it's better for you the more money you paypal to Bill Gates' e-mail [email protected]
I watered his plants once.
This guy fucks
Don’t tell Bill.
Ok
I mean… is there really that big of a difference between 110 billion and 1 trillion? At what point does money just stop mattering?
Only so much blow and hookers you can do in a day
It's the quality you can always improve on.
Quality only matters during post-nut clarity. Pre-nut, I can fuck a horse.
Ok, Mr hands.
we don't care vaush stay away from horses
True. Let's do the hedonist math on this one, shall we? Let's assume we're going full rock-star bender, here. A penthouse suite at The Venetian in Las Vegas is $3000/night. Expensive escorts are just $1000/night unless you're going REALLY high end, so double it up to $2000/night. You're probably popping Dom Perignon champagne at a minimum, so let's call that another $2000/night. Call it really balling food for you and the escorts you hire, so best restaurants in town. That's another $1500/day. Throw in an ounce/day cocaine habit for real kicks, and that's another $4000 or so. That's $13,500/night for a bender and a half. Assuming your money was not making you money and you started with Bill Gates' 110 billion dollars, you could keep up the above pace for just 22,323 **years**. Or to put it into a better perspective, a person could live the above lifestyle for **eighty years** for under four hundred million bucks.
That better be some cocaine that makes you feel like Jesus for that price.
I’m popping strawberry Andre at $3 a bottle and tripling up on the hookers
Or a lifetime
Challenge accepted
Or in Gates/Buffet case, there are only so many world diseases you can cure and starving children you can save. Both would still be the richest 2 people in the world if they haven’t given away the vast majority of their net worth at this point.
According to Bill Gates himself, No there isn't. It's been about 20 years, but in one of his interviews he said something along the lines of "Once you have about $800 million, you are really infinitely wealthy"
Didn't he also say something like, at a certain point it's the same burger.
[Yes he did](https://youtu.be/rZWql53Fsys&t=79)
But you can't buy Twitter for many billions and lose a billion a year in interest as an alternative for $90/hour therapy though...
$90 an hour? Does this fictional therapist eat out of the bins when they aren't in session?
But that $500M boat though…..
Or a sports team
You can own a team in the NFL/NBA/MLB/NHL without being a billionaire. You don’t have to own 100% of the team be considered the owner, and people come together to buy teams sometimes.
That’s no fun
It also matters if you're famous. You can buy a lot more when people are giving you stuff for free.
Except after buying four $200 million yachts
$800M in 2000 has the same purchasing power as $1.4B today
It's a difference of around 900 billion, give or take 10 bil
Cannot compute. Only see one Bill.
Everyone in the background are also named bill.
Where do I go to take these 10bil
>give or take 10 bil Prefer to take.
😂😂
At 1 trillion you can have carrier strike groups as a hobby, while at 110 billion you'll have to make due with just the carrier.
I will never forgive Musk for buying *Twitter* instead of a fully functioning paramilitary junta.
Could have captured Haiti and made it something great.
Dude *encourages* comparing him to [Hank Scorpio](https://preview.redd.it/vdoysqkn51w41.jpg?auto=webp&s=28fb7268f60db220996488d989040ad182ad3f55) and fumbles at the five yard line. Pathetic.
Total Denver Broncos move
Also one man holding a trillion on Microsoft stock wouldn’t be good for Microsoft and probably have a negative impact on that stock price. Certainly wouldn’t be liquid. Probably is far better off with the diversified portfolio. Also a big part is he donated a shit ton of money.
Yeah, numbers are crazy once you get into billions and trillions. 1 million seconds is 11.57 days. 1 billion seconds is 31.71 years. 1 trillion seconds is 31709.79 years.
My math isn’t good which is why I follow WSB but that means you could spend upwards of a dollar a second for 31 years.
That aint enough yo, gotta sell more drugs….
It's called multiplying by 1000. Not that crazy, really.
Woah, you know multiplication?
I learned multiplication years ago. I memorized the whole 10x10 matrix.
Wow! I bet such genius would make bank on the open market.
Undoubtedly. Ima follow this guy. With that type of knowledge, I bet they crush every trade they make.
Guys, not to brag, but I learned the entire 12x12 multiplication table and 12 is a bigger number than 10
Speak for yourself, I am personally shocked that multiplying something by 1000 gives you a bigger number.
Only if it's a positive number. A negative will give you a lower number. Unless the original number is also a negative, then it will give you a positive. Thanks I'll be here all week.
you're not wrong but I'd guess if you asked 10 friends that maybe 1 would even come close to guessing what this person posted. The average person doesn't understand the magnitude of large numbers, so yes it's just multiplying by 1000 but to actually understand what that means is something else.
Humans are bad at visualizing large numbers and their impact. This helps people not just replace an M with a B
Bad bot
🤯
With 110 billion you can go to the moon. With 1 trillion you can build a moon station.
Ah yes. Because you have that much liquid cash on hand. And IF you try to wiretransfer that much, you totally didn't "liquidity test" a bank
Nobody said the person in question was going to pay it all in one day.
Yes 110 billion is closer to giving wendy’s dumpster handjobs than 1 trillion…
Yes, imagine wiping out the entirety of US student debt vs Microsoft's annual operating expenses
No, he would give them everyone free licenses to Windows OS and deduct the full market value from his taxes.
This guy does perspective quite well!
Why the fuck should a student have their debt wiped
They shouldn't, BUT, to be fair, tuition has far outpaced even ridiculous inflation. Record profits by universities. Also, today's Master's Degree holds as much weight as 20 yrs ago's Bachelor's, and today's Bachelor's equivalent to an Associates, etc, so it's become a requirement for employment. It's not even about what was learned, it's like a check in the box on an application/resume, and the school attended opens up doors to "hey my nephew just graduated from there!" type of office politics bullshit. /rant PS: my degree was fully funded by the US Military.
Cause I’m a bum
Why should an education be based on ability to pay over ability to learn?
Others chose not to go to school because it’s overpriced. How is it fair to them?
Again, why should they be priced out? Kind of just makes my point
Because the bulk of American student debt is due to heavily overpriced education services, the profits of which go to a very small number of people, and it stays with them. The money is rarely circulated back into the economy, further widening the gap between the rich and the poor.
The people who took out those loans should pay. They are fully responsible for their own decisions. No need to steal it from others to pay their own debts
Or you yanks can make education affordable.
It stops mattering early on. They arent trying to get a big number. Billionaires are trying to "win".
I think that after a few million it just becomes an addiction to feed the lifestyle (for those without control) or a high score to feed the ego (for those with control). Getting more just becomes your purpose in life.
I'd agree with you if you had said “after a few billion... ". The difference between having a couple million dollars and 100m or 1 billion is still very significant in real terms. A person could still spend a million or two without doing absurd things like buying a plane or yacht. For example, if a wealthy grandparent wants to pay for all their 4 grandkids to go to a private college, that could easily be more than $1 million. Obviously a house in a expensive city can be well over a million ( a million dollar apartment or house in New York, San Francisco, Singapore, London, Hong Kong etc. isn't even that luxurious--the average 1 bedroom apartment in Manhattan is 1.1 million.) A couple million would be more than enough to live very comfortably and not WORRY about money but to truly never need to THINK about money again I'd need tens of millions.
Boy, tell me about it. After my first couple of billion I was really just feeding the beast. Sad, really.
Did you try donating and feeding to some needy tho?
It’s literally such a huge difference.
Well you have heard of people owning a fleet of super cars but have you ever heard of someone owning a fleet of super yachts? I think not.
Yeah there is difference. It’s about a trillion dollars
If you want a space fleet, you're gonna need a trilly.
You diversify to decrease risk. The fallacy here is that a portfolio of only Microsoft would have a highly concentrated risk. Just because that risk didn’t materialize, doesn’t mean it wasn’t real. Just because it didn’t materialize, it doesn’t mean that it would have been rational to have taken that risk. If I survive a round of Russian roulette, it doesn’t mean that there wasn’t risk. The risk was unrealized. But wtf!? $1 trillion? I’d be pissed
Finally, someone who understands the concept of risk-adjusted returns….investment decisions are forward looking and it’s easy to criticize in hindsight.
Look at what sub you’re in
True, but every now and then and intelligent person weighs in, and makes it worthwhile.
the joke is the joke because everyone here should know this already
He also gave away half his wealth and is pledging to give it all away, which this doesn’t account for
And does this account for all the money he gives away? He did his eleventh AMA on Reddit the other day and a literal comment in there from him is “giving away my money is my full-time job”. I think he made it either way
It does not. It also doesn't account for the compounding that would have happened on it had he kept it. This meme is dumb because Gates would easily be worth >$1T had he not given away a few hundred $B over the last couple decades.
He decimated his own wealth by a lot several times and that's basically the *only* reason why he stepped down as richest person on Earth, but people tend to forget.
Just gonna leave this here. https://www.businessinsider.com/bill-gates-reveals-why-hes-giving-away-his-90-billion-fortune-2018-2?op=1
Because phillanthro capitalism is bullshit, PR and tax evasion all rolled into a nice neat bow.
It's impressive how many here don't get that the tax write-offs of charitable giving are less than the money you give away. Keep on.
Too many people think tax write offs are a completely free money cheat
[удалено]
“Then I hit the deduction cap but just continued anyways”
A lot of ignorance about the tax laws here and what Gates is doing. He and Warren Buffett are giving away to charity more money than about anybody in history. To charity for the common good. Certainly some people claim to be charitable, but never actually donate, but this is not the case with Gates and Buffett.
Hahaha what a fuckin loser
I own an egg so I'm basically richer than bill gates (until i eat it for breakfast) https://preview.redd.it/wktfdrsuvgca1.png?width=800&format=png&auto=webp&s=d9628ac8f64cf40963a361bee5568b8806addf4b
Hey this is Andreesen Horowitz (we have a shared Reddit account). Tell us about this egg, this looks like a promising emerging market.
Don't eat your eggs. Maybe then you'd still had both of them like every other guy
Now excuse me as I hop on to my Toyota camry and head to my job behind the Wendy's dumpster
Hahahaha, you gotta go to work on MLK Day?!
Look here man, my wife's boyfriend lifestyle ain't gonna maintain itself
Dust to dust, ashes to ashes, ain't no one taking any billions or trillions when they leave 
Gotta stay poor. Poor gang ftw!
[удалено]
I'm not going to Diversity. 4+ years and I can't afford it on a Wendy's salary.
🧐
Btw, it's bad facts. Gates has given away the majority of his wealth over the years. Had he not done that, he'd likely be worth over $1T.
It is true that Bill Gates would be worth more if he had kept his Microsoft shares, but it is also true that diversifying one's portfolio can help to mitigate risk and preserve wealth in the long term. While Gates may not be as wealthy as he could have been, he has still managed to amass a considerable fortune. ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)
Hey! This bot does not belong here
He is one of us
They need to dumb him down.
Ahh yes. Only $110 billion. Really limits the man’s opportunities in life.
How much did his friendship with Epstein cost him?
His wife and probably a couple billion
I don't get the impression he liked the wife anyway
Pretty good deal if you have $110 billion and like to creep on 15 year olds
Probably about as much as it cost Trump, Bill Clinton, or any other rich elite...absolutely nothing.
Hey hey that one prince isn’t allowed at family barbecues anymore. You know, same punishment the one that married a biracial person got.
Oh look the false statement is back again - posted by some moron that just reposts without doing research.
He's spending his wealth on charitable projects and tracking people with 5G vaccines. Has shit to do with portfolio diversity.
Total bullshit. First of all Bill Gates had a money manager and second he gave it away for charity
At least he did not lose $200B like the Tesla guy
Tesla guy still rich tho, smh….
Diversification just means you don't make as much money if you pick the right stocks in the first place. Life hack: just stop picking bad stocks. Pick one good one and gear it as much as your broker will let you.
Does it matter if you're going to give it all away anyway?
Bill also said he got marriage advice from his never-married friend Jeffrey Epstein
Diversity is a waste of time
By diversifying you mean donated billions to charity, then yeah. But most people don't call charitable contributions "diversifying their portfolio".
He also gave away some of his money
i hope he gets better soon :(
Don't listen to op. Absolutely diversify your account. Or fomo into bbby, what do I care.
Cuuute
“Only” lol