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In this case the article says he got a couple million from his parents. He was also a banker as well. Suppose he was just a social worker. Suppose you saved 30
by samfisher83 8y ago
In this case the article says he got a couple million from his parents. He was also a banker as well.
Suppose he was just a social worker. Suppose you saved 30k from your job and invested in amazon when it started. It would be worth 30 mil today. But that would require being frugal and not pulling that money out and leaving the compounding effects to work.
- nrmitchi 8y agoI mean it would also require the foresight of going all in on one of the biggest companies of the decade, and keeping it through the rest of the industry was falling apart. This argument is fairly akin to "Suppose he won the lottery."
- samfisher83 8y agoI just used Amazon as an example. There are plenty of companies that have had huge gains. My point is if you are a good investor you can turn small amounts to a large amount.