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And it was probably prudent to wait. The investors who wanted to take more risk could do that. Retroactive reasoning with investments (if I just bought X) is i

by groundzeros2015 5mo ago

And it was probably prudent to wait. The investors who wanted to take more risk could do that. Retroactive reasoning with investments (if I just bought X) is insane.

cj 5mo ago
Indeed. They IPO'd in 1980, yet their stock price was below the IPO price for the majority of 1980-1987. It also fell to its IPO price for an extended period of time between 1996-1998. You hypothetically could have waited 20 years after the IPO before investing without giving up theoretical gains.
lmm 5mo ago
> The investors who wanted to take more risk could do that. What? How? By moving out of Massachusetts? I could understand banning such a speculative stock for e.g. pension funds or whatever, but blocking private individuals from buying with their own money seems insane.
- deleted 5mo ago
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- groundzeros2015 5mo ago
  You’re right. I read this as banned the state from buying it (pensions etc). I agree that’s absurd if you were not allowed to buy through a broker.