3 ms·
Story time: in 2000 my first manager at Microsoft had not one, but three houses on Lake Washington, a small stable of fancy sports cars, and a rather substantia
by ein0p 2y ago
Story time: in 2000 my first manager at Microsoft had not one, but three houses on Lake Washington, a small stable of fancy sports cars, and a rather substantial boat. In 2002 he had none of those things and was bankrupt. Moral of the story: diversify the living shit out of overheated stocks.
- throwAGIway 2y agoI hope he kept his stock, short term dips are to be expected.
- Ekaros 2y agoDips might not be short term... Cisco's chart is good example to look at.
- ein0p 2y agoExactly right. And depending on how deep the “dip” goes and how long it lasts, few people have the stomach to “hodl”.
- throwAGIway 2y agoCisco never was anything comparable to Microsoft.