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Interesting answer he wrote up on quora about loosing lots of money fast. Notice what it took for him to re-gain everything several times
https://www.quora.com/Money/What-does-it-feel-like-to-lose-a-lot-of-money-quickly
https://www.quora.com/Money/What-does-it-feel-like-to-lose-a-lot-of-money-quickly
When I built my first company in the 90s I did everything smart until I did everything stupid.
We built websites for entertainment companies. Bad Boy Records, Miramax, Time Warner, HBO, Sony, Disney, Loud Records, Interscope, on and on. Oh, and Con Edison.
Then I saw that kids in junior high school were learning HTML. So I sold the business. $15mm. About a year later. I hedged and cashed out. Sold all my shares. The $15 million was now cash....... {click link above to read more}
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