Quote:
Originally posted by FlyingIguana
the market has ups and downs which create opportunities. its not luck if you recognize the right time to buy and sell. he built a business, got a great price and sold. how many people hung on and lost their shirt?
no luck about it, he took his profits and ran instead of getting greedy and having shit blow into his face.
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My point is that it was luck that the business he started just happened to exist at a crazy bubble time like that
If it wasn't luck, then he would be able to replicate the same thing today, do you think he would get $5.7 Billion today?