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Classic example of what happens when you don't diversify your investments. High volatility will sometimes drop your net worth to 0.
by xyzzy4 10y ago
Classic example of what happens when you don't diversify your investments. High volatility will sometimes drop your net worth to 0.
- rexreed 10y agoIt's hard to diversity when your entire "wealth" is determined by a fictional valuation on non-liquid stock. I can offer to buy .0001% of your company that you own 100% for $20. That doesn't make you worth $20 Million.
- ryan606 10y agoExactly. See this: https://m.signalvnoise.com/press-release-basecamp-valuation-tops-100-billion-after-bold-vc-investment-c221d8f86ad7#.lxtccp5vx https://m.signalvnoise.com/press-release-basecamp-valuation-... "CHICAGO — December 1, 2015–Basecamp is now a $100 billion dollar company, according to a group of investors who have agreed to purchase 0.000000001% of the company in exchange for $1."