Michael Dell Gets $12B Richer with Break from Public Eye

Re:Michael Dell Gets $12B Richer with Break from Public Eye by parsnips on Saturday January 19, 2019 @02:49PM (#18948819)

I agree that with _a lot_ of effort Dell could have invested $15B in the stock market in 2013 and done well for himself.

My objection is to the claim that he's somehow incompetent because he didn't outperform the market with his activity. He basically got the same returns for himself as he would have "in the market", and created economic opportunity for tens of thousands of people in the process. To me, that's a great success.

[ Parent | on HN ]

Re:Michael Dell Gets $12B Richer with Break from Public Eye by pessimizer on Saturday January 19, 2019 @04:04PM (#18949158)

You're moving the goalposts with each post.

These are the questions:

Could you have made $2700 in 2018 out of $1500 in 2013 easily by investing in an index? Yes.

Could Michael Dell have used the exact same method to make $27B in 2018 out of $15B in 2013 by investing in an index, without changing the conditions of that index such that the method wouldn't work? Yes.

You seem to now be focusing on the question "Is Michael Dell a stupid dumb idiot or a saint?"

[ Parent | on HN ]

Re:Michael Dell Gets $12B Richer with Break from Public Eye by skookumchuck on Saturday January 19, 2019 @06:03PM (#18949782)

You're assuming that investing in stocks does not create economic opportunity for people.

Of course it does, every bit as much as if the person created a company with the money instead.

[ Parent | on HN ]