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"He took big, and early, stakes in both Amazon and Tesla — in 2012 and 2016, respectively." Amazon was founded in 1994 and had its IPO in 1997 during the first
by DanielMcLaury 6y ago
"He took big, and early, stakes in both Amazon and Tesla — in 2012 and 2016, respectively."
Amazon was founded in 1994 and had its IPO in 1997 during the first dot com boom. Did they do any research for this article at all?
- Clewza313 6y ago> Today the online juggernaut is the most conventional — and most popular — hedge fund stock in the world, but when Alsin first invested in it the smart money was skeptical. After all, the company wasn’t profitable. If you look at AMZN's stock price, he timed it pretty well: he presumably bought in around $200 before it really started taking off. If he had bought in 5 years earlier, that would have netted "only" an extra 100%.
- yellowstuff 6y agoInstitutional Investor is targeted at people who work in finance, and I think "early" is meant in the sense of being early to trade a particular stock or theme that later becomes popular. So being "early" to GME would mean a month ago, not early relative to the IPO.