andrewta t1_iuaoepv wrote on October 29, 2022 at 9:36 PM

Reply to comment by Specialist_Avocado25 in Why did Elon Musk pay 44 Billion for a website? by [deleted]

I had a chance to buy about $4,000 in stock about 15 days after they went public.

I’ll let you do the math.

red8eye t1_iuav4l8 wrote on October 29, 2022 at 10:27 PM

Like 140k over 20 years, I mean not great

Most_Insane_F2P t1_iuavk8c wrote on October 29, 2022 at 10:30 PM

$4000 times 32 = $128000 ? Only...
This is why I don't understand how Warren Buffet got so rich... you'll need a lot of money to create an insane amount of money?

Hot-Horror9942 t1_iuawr26 wrote on October 29, 2022 at 10:40 PM

Warren buffet a fosil tho do that 3 more times

Olgrateful-IW t1_iub2b4s wrote on October 29, 2022 at 11:24 PM

For 60 years.

Boilertribe4 t1_iuax1tg wrote on October 29, 2022 at 10:42 PM

It's had splits. Google IPOd with a market cap of $23B. Today it's $1.25T.

That's a 55x

But, you definitely have to bet with conviction (and then get lucky) or already have money to make it rich overnight in the markets.

Edit: it's a 1.25T not 1.35T MC

aflyingsquanch t1_iuaomzd wrote on October 29, 2022 at 9:38 PM

Ouch.

andrewta t1_iuasq1c wrote on October 29, 2022 at 10:09 PM

Yup