Quote:
Originally posted by FlyingIguana
again how many companies didn't sell during the bubble? he made the right decision to cash out at the right price instead of believing the hype and watching paper profits vanish faster than they appeared.
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I'm not saying his decision to sell was luck, I'm saying that the environment that resulted in him even receiving an offer of $5.7 Billion was luck.
Internet mania in the late '90s is what the luck was. He became a millionaire from his own skill, but he became a billionaire because the times they were crazy and people were making rediculous purchases for rediculous prices and one of those rediculous purchases was Broadcast.com
Of course, this is all just my own opinion.
