Jeff Bezos Surpasses Bill Gates as World's Richest Person

Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person by efficax on Thursday July 27, 2017 @10:00AM (#14865304)

I find it weird to report on this like it's a race or competition. His net worth bump right now is entirely due to rash market speculation and the recent tech bubble. When the crash comes (and it will), AMZN could easily be down to $500 in a week, and he'll just be insanely rich again.

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Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person by undersuit on Thursday July 27, 2017 @03:55PM (#14868841)

I bought some Amazon stock when it was ~190. I sold at ~310 because I was happy with my profits. The crash is always coming.

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Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person by zoren on Thursday July 27, 2017 @10:03AM (#14865342)

When will this crash come? And how do you know?

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Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person by efficax on Thursday July 27, 2017 @11:09AM (#14865992)

Because markets move in cycles? We've had multiple crashes in the past 40 years, most recently in 2008. Markets always crash, it's what they do.

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Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person by zoren on Thursday July 27, 2017 @12:29PM (#14866835)

Oh I understood you as if you where claiming we are currently in a tech bubble that will burst soon. That's why I asked when this would happen.

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Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person by HillaryBriss on Thursday July 27, 2017 @10:22AM (#14865511)

they've been saying that since 1997

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Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person by efficax on Thursday July 27, 2017 @11:16AM (#14866071)

And the tech stock market crashed in 2000-02. We're back on a rebound, especially in the past 5 years. Bubbles burst, it's literally the one reliable law of markets since the advent of joint stock companies.

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