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Old 09-23-2004, 09:51 PM  
FlyingIguana
aspiring banker
 
Join Date: Mar 2002
Location: toronto
Posts: 10,870
Quote:
Originally posted by BRISK
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?
who knows, maybe he would keep the business and grow it. so maybe he could have made even more out of the deal in the long run.

he seen an opportunity to start a business based on current market conditions and made a shitload of money. he still had to start the business and execute it to get the business to a point where a large company would pay a premium for it.
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