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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 222.28

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12:42 PM EST

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To: Oeconomicus who wrote (143269)	6/23/2002 12:31:25 AM
From: GST	Read Replies (1) of 164684

They were much closer to being "public venture capital" than anything Bill ever engaged in. And they had a market cap of what? $100 billion? Mind boggling. Rule number one when you take this kind of risk: Make sure you can afford to lose every penny of it, because you probably will. Bill never acknowledged this, even today he asserts that it is just a matter of "building a portfolio" no matter how highly correlated the portfolio or how risky the elements of it are. The real sleezoids of the new economy were those who made it sound like the new economy was a sure thing, and if you bought a bunch of them, the winners would take you to new levels of wealth -- no mention of the possibility you could lose all your money.

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