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One Family's Finances: How Bill Gates Invests His Money Like a lot of people, he's got stocks, bonds, and a money manager. But there are differences. For one thing, his personal portfolio is the size of a large mutual fund.

This article written by Andy Serwer Reporter Associate Jeanne Lee, is an important article that took about the fortune of Bill Gates who with his effort created a big wealth, and for this reason step by step Bill Gates could create foundations or philanthropic infrastructure because his wealth continued to grow, but all the fortune was a work not only of Bill Gates because he was help by his private money manager. The purpose of the text is show the people that a good manger with strong skills is very necessary for that the enterprise can grow.

Bill Gates began his enterprise whit a manage named Andrew Evans he was good but the business of Bill Gates grow in a minimum percentage, after Evan had a financial problem and for this reason Evans had to go. Gates needed to find a new money manager. This new portfolio manager would have to be smart. He would have to have a killer track record. But Gates was looking for more than that. "Since Microsoft is my primary focus, I wanted someone who could operate on their own," he says. "I also wanted someone with a conservative philosophy about investing. I needed to have complete faith in the person I picked, since I didn't ever want to have to look over their shoulder". And Michael Larson was the solution, he is the son of an industrial engineer, grew up in North Dakota and then in Albuquerque. When he graduated from high school, he wanted to join the Coast Guard but couldn't because he was only 16. He attended Claremont College, finishing in three years with a degree in economics, and then went directly to the University of Chicago, where he picked up an MBA at the age of 21. From there Larson went to work for Arco doing mergers and acquisitions. Then he shifted gears and joined Putnam Investments in Boston, managing bond funds. After two years he struck out on his own. He was trying to buy a money-management firm in Chicago, without much luck, when Bert Early rang him up. The word on Wall Street about Larson is frankly admiring, and not just because everybody wants a piece of his business. Last year Larson outperformed the Dow, even though he had over half his money in cash (some trick). "I think Gates is incredibly lucky to have Larson," says John Griffin, a top New York hedge fund manager. "He's really good. And he's someone Bill can really trust."

Thank to Michael Larson, Bill Gates can create a lot of foundations. As Gates converts billions of dollars of Microsoft stock into philanthropic tender, Michael Larson will be shepherding the funds every step of the way. He will manage the foundation portfolios until the dollars are expended on syringes, scholarships, and software. "People have no idea the kind of pressure that Michael Larson operates under," says Roger McNamee. "For one thing, he's running money for two of the largest foundations in the world. The better he does, the more good works can be done."

I consider that this article pretend show the people the important of the effort in the work, because if you want a excellent work you need a lot of sacrifice, but in my opinion the work not is all in the live, because the best strategies for will to be an amazing and perfect work is: Don't panic; Return to Source; Take a body inventory; Tell the truth; Keep good company; Tune Up Your Thinking; Set Healthy, Flexible Boundaries; Create or Refine Systems and Keep the Goal, Drop the Plan.

In conclusion I have been thinking that for get a good work you need a balance between your life, work, and business. First you need a lot of effort but with the time when you have experience and good skills you can get the better work for you whit lower stress; flexible hours; enjoyment derived from performing the work and you can feeling of making a difference. An for reasons exposed before today, Bill Gates is known variously as the creator of Microsoft, as the richest man in the world, and as a monopolist hell-bent on world infotech domination. Hard as it may be for some people to swallow, future generations may remember Bill Gates instead as the greatest philanthropist the world has ever known.