{{ The former CEO’s unconventional and hugely profitable strategy: own a lot of Microsoft – he’s now the largest individual stock owner. }}
intercst
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French proverb, “If there is bread at home there is no need to go to the baker.” It refers to menage but it applies to investing.
The Captain
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I like how he doesn’t really seem to know what he owns:
WSJ: You mentioned the S&P 500. Is that literally the index you own? Or do you have a more bespoke bucket of products of different indexes?
Ballmer: If it’s not the S&P, it’s the Russell 2000 or some broad mirror of the market.