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The point of it being a good decision was that it wasn’t a bet: they were locking in a known as opposed to it being unknown. I guess you can say choosing not to
by nl 3y ago
The point of it being a good decision was that it wasn’t a bet: they were locking in a known as opposed to it being unknown. I guess you can say choosing not to play is a bet of some kind but it is a different class of bet I think.
- rightbyte 3y agoSure. If you had better insight or wisdom than the market in general, ye, you can claim it was not a (bad) bet. Still probably bad to go essetially all in on one stock though, even if you are 90% sure? Personally, I thought that Facebook had peaked around IPO and would slowly go irrelevant.
- outside415 3y agoI’m still holding all of my Facebook stock from around IPO time when I worked there.