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I mean, while I feel his pain and understand the compulsion to look at it like he threw away $4.8M, at the point he realized what he'd done, it was worth about
by dtparr 9y ago
I mean, while I feel his pain and understand the compulsion to look at it like he threw away $4.8M, at the point he realized what he'd done, it was worth about $4k. He could have bought them back for $4k at that point, and the lost $4k would be a rounding error. He even mentions he might have sold it at that point because he could have used the extra $4k.
It's really no different than any other situation where you had a potential gain you passed on. If I'd put all my savings into TSLA @ ~ $25 in '11, I'd have an 1100% return. But I didn't.
- abandonliberty 9y ago>no different than any other situation where you had a potential gain you passed on >1100% return. The difference is orders of magnitude in the return. Returns of 400,000% are pretty rare.