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Strategies & Market Trends : CANSLIM - COAST TO COAST
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To: Bruce A. Brotnov who wrote (5497)11/4/1999 2:18:00 AM
From: Feraldo  Read Replies (1) of 6445
 
What I don't get is why it always seems that people look as rich people as ungiving and mean people. Let's look at Bill Gates for example. He's probably the most targeted. If he were to sell his stock it would create a catastrophe for MSFT, the Nasdaq, and many Americans. If he give to charity, they'd have to sell the stock too, which further decreases the worth of both. It is a loose loose situation.
Then as the following article points out, most of the richest indivduals donate the least. What most people also don't realize is that most of these rich people are extremely young, under 50 or many even under 40 years old. Most have become wealthy within the last five years or less. And almost all of that wealth is in stock. It is a lot harder to donate when it is all in stock. The article points out that many give less than 2000. Well its not like they have a lot of cash. They have a lot of paper profit.

cbs.marketwatch.com
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