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Selling high isn't "a profitable enterprise". I can buy any money losing penny stock and sell it higher than I bought it and I'll pocket some money, but in no w
by vasco 4y ago
Selling high isn't "a profitable enterprise". I can buy any money losing penny stock and sell it higher than I bought it and I'll pocket some money, but in no way that means I was an investor of a profitable enterprise.
- sbierwagen 4y agoTell that to, uh, every VC fund? That business model is to invest into an early stage business, (buying low) wait for them to develop a useful product, and then sell high.