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> But I'd bet whatever he did with the money since the 2012 IPO (starting companies, investing in companies, etc) had a much better return than 5x. reply The t
by bradleyjg 9y ago
> But I'd bet whatever he did with the money since the 2012 IPO (starting companies, investing in companies, etc) had a much better return than 5x.
reply
The top post in this chain says that he sold 17 mln shares for $38 and another 20 million for about $20. The stock is currently trading at $180/share. If he had held on to those shares they would have been worth $6.66B today. According to Forbes his total current net worth is $2.6B.
I certainly won't criticize someone for making a diversification play after having already made such a huge gain (his initial investment was $500k) but in retrospect it very much looks like a mistake.
- gowld 9y ago> retrospect it very much looks like a mistake Judging decisions based on future knowledge is utterly worthless. "In retrospect, picking the losing lottery numbers was a mistake. In retrospect, picking the winning lottery numbers was brilliant." It was only a mistake if it was a wrong choice given the information knowable at the time.
- bradleyjg 9y agoThat's true enough. But you said that you bet whatever he did with the money since had a much better return than Facebook. You were wrong.
- joshuamorton 9y agoDifferent commenters. But yes, the original g...grandparent was mistaken.
- bradleyjg 9y agoYou’re right. I missed that.