6 ms·
> the fact that a single stock once fell from $114 to $3 should have no bearing on decision making Recognizing the possibility that such a thing can occur shou
by notacoward 4y ago
> the fact that a single stock once fell from $114 to $3 should have no bearing on decision making
Recognizing the possibility that such a thing can occur shouldn't affect decision making? Sounds blinkered and crazy to me. It's exactly how my coworkers lost their shirts. Finance-bro jargon aside, you don't seem to understand basics like the kinds of options given by employers at that time (two types neither the same as the ones you buy on the open market) or even the value of diversification. But sure, go ahead and keep proving my theory about why we won't be having that discussion here in twenty more years.
- ghaff 4y agoAnd of course that sort of devaluation was not at all rare at the time. EMC was hardly an outlier. I did get rid of some of that EMC stock but held way too much of it even if it recovered some value over time.