"He took big, and early, stakes in both Amazon and Tesla — in 2012 and 2016, respectively."
Amazon was founded in 1994 and had its IPO in 1997 during the first dot com boom. Did they do any research for this article at all?
Amazon was founded in 1994 and had its IPO in 1997 during the first dot com boom. Did they do any research for this article at all?
If you look at AMZN's stock price, he timed it pretty well: he presumably bought in around $200 before it really started taking off. If he had bought in 5 years earlier, that would have netted "only" an extra 100%.