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#11. Posted:
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Joined: Nov 29, 201112Year Member
Posts: 1,637
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Lavish wroteCen wrote I don't know if you know this, but the point of investing is to maximize profits. Cashing in early on an almost guaranteed riser is not winning.
He got bad publicity and missed out on a lot more money.
I don't know if you know this, but making $2 billion dollars from a $12 million dollar investment is maximizing profit.
Sure man... sure it is.
I guess if I put 12 cents into Apple stock back in 1987, I should have sold it in 2011 when it was worth $393, right?
Or should I have maximized my profits and sold in 2012, when it was worth $700?
Spin it however you want, he lost out on, although likely unnecessary, a lot of money.
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