The Gates Foundation sold all of its Microsoft shares. Bill Ackman is taking stock. What is Wall Street missing?
The Bill & Melinda Gates Foundation Trust revealed Friday that it sold its last 7.7 million shares of Microsoft (NASDAQ:MSFT) during the first quarter, an outflow of approximately $3.2 billion that ends a decades-long position in the company Gates co-founded (1). That morning a very different story had already been revealed. Hours before Gates’ filing…