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I wonder how they're going to do that when their Gulf-based investors are currently liquidating anything that can be moved before stashing it under the proverbial mattress.

Been listening to people argue 'rich people earn their money by making smart decisions' while rich people drive the economy into iceberg after iceberg, but this is an absolutely goggling amount of money to be on the hook for, even for one of them. Dude for real went all in on magic beans.

Extremely curious how this plays out as someone who works at a hospital dependent on the old, bad Oracle R12 for accounting, logistics and HR. As much as I would love to force the issue of jettisoning this 1990s-ass software, I don't enjoy the thought of having to deal with it.

By the way, this isn't a situation where Larry can get bailed out. He's pledged $60bn of Oracle shares to margin loans, though we don't know how much for (could be $21bn+), and his wealth is mostly tied up in those shares. Even a hint of a bailout would send its price into freefall.

Is Oracle not looking at building its own little nuclear power plant? Are not all of the tech giants doing this now? Granted, it can't be done overnight - but it's been in train for some time now, I think. Can't be far away?

Ellison is 81. He's probably not too worried about how much money he'll have in the 2030s. He's more into being relevant until the end. But his heirs probably are worried.

Open AI is getting revenues of $673 billion in the next four years? From where? That's $170 billion a year, the equivalent of General Motors, which has an actual business.

Larry Ellison is 81. Imagine spending your final years so desperately trying to accumulate even more you can’t take it with you. So horribly pathetic.

ISTR that most/all of his "charitable" contributions has been to some non-profit focused on life extension, which suggests he seems/wants to think he'll never have to deal with that.

Speaking of Michael Burry, I rewatched The Big Short the other day. In the face of these numbers, it's positively quaint that the denouement has Steve Carrell learning his Morgan Stanley patron is exposed to the tune of $15B. 18 years ago, $15B was enough to bring Morgan to the brink of collapse.