Former Microsoft CEO, Steve Ballmer, unveiled his original investment strategy, which challenges all traditional market precepts.
Steve Ballmerformer CEO of Microsoft, who is one of the richest men in the world with a fortune of US$151,000 million surpasses Warren Buffett for almost US$10 billion and shared details about his investment strategy, which challenges the widely held concept that it is advisable to diversify.
The financial guru revealed that he has more than 80% of his portfolio invested in Microsoft shares. “Microsoft outperformed almost every other asset it could have had,” Ballmer stated. And although he did not reveal the exact size of his current stake in the company, documents from 2014 indicate that he owned 333 million shares. Not a bad choice, given that company’s stock rose 16.1% in 2024.
Ballmer stated that is “mostly abandoning private equity”. In the past he tried to diversify, but he said it was difficult to find managers who consistently outperformed the market. Thus his strategy defies conventional wisdom since, while many billionaires prefer illiquid assets such as real estate or private equity, he chose another path.
Pure luck, Ballmer’s strategy
“The only stock I really study still is Microsoft, because it’s still overwhelmingly the number one thing I have,” the former CEO stated. Ballmer attributes his success largely to luck. “I was lucky, essentially, in listening to the right people. But I was also lucky in my loyalty to the company and not wanting to be a salesman as a leader of the business. It turned out to be a great investment as well,” he says.
Source: Ambito
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