EVNow
Well-Known Member
You have met foreign billionaires who read forums about companies they want to invest in ? Delegation is not the same as "black box" - they are actively involved, but ask their managers to do the research. I'm fairly sure Larry decided to invest after talking to his wealth managers and Musk - not by reading TMC.This is generally misleading and often incorrect. Fir inherited wealth, sure. Self made types very often have attorneys, accountants and some even are clients of Prime brokers. Few self made ones delegate their wealth management to outsiders. Of course the only ones I actually know about for sure are ones I have met professionally or otherwise. The majority of those are not US residents.
ps : Even a lot of regular investors don't read TMC. I never read the market forums on TMC until the infamous going private tweet.