Posted on 08/15/2009 9:33:00 PM PDT by ckilmer
SAN FRANCISCO -- The Bill and Melinda Gates Foundation, the world's largest private philanthropy fund, sold off almost all of its pharmaceutical, biotechnology and health-care investments in the quarter ended June 30, according to a regulatory filing published Friday.
The Seattle-based charity endowment, set up by Microsoft Corp. founder Bill Gates and his wife, sold its total holding of 2.5 million shares in health-care giant Johnson & Johnson in the quarter, according to the filing.
(Excerpt) Read more at online.wsj.com ...
May he rot in hell (Lord forgive me). Scurrying like the freakin’ rat he is. Isn’t it amazing.......we’ve made him one of the wealthiest men in the world. We no longer matter now that he hit the billionaire mark....
He will pay. I wonder what he’ll do when his money become worthless right along with us peons
Obama will be the most HATED President in out history.
He has $$$ but it is OFFSHORE like th erest of the dam liberals.
Later, in a broad interview with The Washington Post, Gates also lamented the state of the District’s struggling public schools, which have received hundreds of millions of dollars from his foundation, but had high praise for efforts by Chancellor Michelle A. Rhee.
Gates’s foundation funds charter schools, scholarships and other programs for the city’s poorest students.
“It’s a very hard job, and whether it’s the facilities or the personnel issues, somebody had to come in and really point out that the students are not getting what they deserve,” he said of Rhee. “The irony [is] that it’s almost the highest spending per pupil in the country, and it’s almost the worst set of outcomes of students in the country — and this is the nation’s capital. You’d think that in terms of effective spending of dollars and outcomes, that D.C. would be a model city, and, in fact, it has been the exact opposite.”
That's right...let nothing pass.
“May he rot in hell (Lord forgive me).”
Ditto WITHOUT apology.
Obama is EVIL.
John.7:24
[24] Judge not according to the appearance, but judge righteous judgment.
he also sold about 75 million in microsoft but so did every other executive. all insiders are selling right now cuz they no collapse is coming!!
No, he thinks it will pass. That’s why he sold.
Gates: There’s a lot of merit in the moral aspects of religion. I think it can have a very, very positive impact.
Gates: In terms of doing things I take a fairly scientific approach to why things happen and how they happen. I don’t know if there’s a god or not, but I think religious principles are quite valid.
Guess it was that way with Bush also.
Bill must know that health care stocks are gonna tank and he doesn’t want to be left holding the bag when it does - less money for his charity ...
My guess is that this event will help Obama argue even more that there simply must be a government run Health plan..blah, blah, blah.
Gates is a lib,
Warren Buffett (2 ts people) and Gates, both hyper liberals, are joined at the hip and their money is in the same place, Northwestern Mutual. In previous quarters, Buffett sold stock in WellPoint and UnitedHealth so maybe something’s going on, but in the most recent quarter Buffett added Johnson & Johnson and Becton, Dickinson.
Several financial blogs including economicpolicyjournal.com suggest that something bear market this way comes despite all the analysts’ optimism out there. Time to hedge long positions? I would only make such a recommendation to friends.
Whoah, interesting times indeed.
Maybe it’s not a good idea to get caught holding stock in a company that is going to be nationalized.
Wow, healthcare stocks aren’t a value proposition? No kidding! Tell me something I didn’t know. Gates stole his way to success. If he made a good product for once, I’d be impressed.
The real indicator is not what they take their money out of; it is, what they put their money in - to. Another market sector? I’d follow suit... But most likely they are sticking it in the biggest mattress you’ve ever seen.
“We need to be alert. As Dick Morris said, Obama wants this thing passed in ANY form so that once the Act is law, it can be changed through “policy” changes.”
That’s right...let nothing pass.
did not know that...
Gates probably did dump the stock in anticipation of Obamacare. But the sale occurred at a time when Obamacare looked inevitable to everyone. We know only that the dump occured between April 1 and June 30. In April, disapproval for Obama’s healthcare proposal was only 30 percent. It was a lock-tight cinch. The dems could ram it through Congress without one R vote, and they were going to have it done by August. Oops!
A hell of a lot has changed since then. The level of public reaction completely blindsided them—and gets worse by the day. Now the Dems can’t even count on their own votes. Whatever internals Gates was privy to at the time of his sale did not include that. Knowledge of his sale provides us only with a snapshot in time—of no more use than a bet on the Superbowl in October, before the favored team starts racking up the injuries.
I think you have that right. However, its way too soon to say the dems health care bill is dead. I also agree that passage of the healthcare bill in any form is dangerous. It will take an incredible amount of vigilence to keep the dems from passing something that will let the camel’s nose in the door.
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