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>I'm calling it now: investors are gonna get burned hard on this one. I'm in my late 40s. I'm Gen X. I lived through the glory days of the dotcom boom, when in
by MangoCoffee 1y ago
>I'm calling it now: investors are gonna get burned hard on this one.
I'm in my late 40s. I'm Gen X. I lived through the glory days of the dotcom boom, when investors got burned for tons of money. But from the ashes of those bullshit companies, we got Amazon, Google, etc., which made investors rich beyond belief.
SoftBank’s Masayoshi Son made a bet on Alibaba ($20 million, its stake now worth $72 billion), and he’s been living off that wealth ever since. I haven’t seen him make any good bets lately. investors don’t really care if 100 of the shit they throw don’t stick because all they need is just one.
- zozbot234 1y agoAmazon is technically a dotcom company. (I.e. it was around, and quite successful, during the dotcom era.)
- pera 1y agoYeah by 2001 Amazon was already cash flow positive.
- ac29 1y ago> I'm in my late 40s. I'm Gen X. I lived through the glory days of the dotcom boom, when investors got burned for tons of money. But from the ashes of those bullshit companies, we got Amazon, Google, etc., which made investors rich beyond belief. True, but I think they were talking specifically about the direct investors in OpenAI. "Investors" writ large will likely continue to have good long term returns (with occasionally significant short term volatility).
- IshKebab 1y agoI think he made a good profit on ARM, and probably most people wouldn't have called that. More than enough to cancel out WeWork. But looking at their overall value over 5 years... it's pretty random; you could have done just as well investing in index funds. He clearly got super lucky with Alibaba and once you're mega rich it's not hard to stay mega rich.
- skinnymuch 1y agoMade a lot off ARM and Uber.