4 ms·
You are right. But it was his dad advising him. If he saw that his kid's business is growing big - he would have advised him to buy back shares much earlier and
by jyothi 17y ago
You are right. But it was his dad advising him. If he saw that his kid's business is growing big - he would have advised him to buy back shares much earlier and probably give him a personal debt to buy back shares. Why should an accountant enlighten him on what he owns.
The only reason I can think of without blaming his investor dad is his dad wants to shelter his kid all the time and doesn't think of him fit to run independently or doesn't want him to take that risk at all.
- brk 17y agoMy interpretation of it was the the $20,000 investment was small change to the company, and was most likely never given a legitimate second thought by his father.
- jyothi 17y agoRight I understood your point and could be very valid. But for 90% owning, I have my doubts. Anyway what I felt was later when his dad would have seen his son's business blooming he should have done something about it. Asked him to buy back early or at least let him know that for all his work he owns just 10% and it just the first investment.