Re:Stanford CS007: Personal Finance For Engineers
by sjg007 on Monday November 27, 2017 @07:23PM
(#15793120)
Reminds me of the HN guy who sold his sun stock to by a car..
Re:Stanford CS007: Personal Finance For Engineers
by Procrastes on Tuesday November 28, 2017 @12:35AM
(#15794698)
By the time I had Sun stock, I would have had to pay someone to take it. Still loved working there.
I cashed out a bunch of bitcoin for what I thought was going to be a near peak price at the time, $800. Fortunately, I never agree with myself completely, so I saved a few for the long run. Thinking back, I can't really say I would do anything differently with the information I had at the time.
Knowing your shit and having liquid cash is key to those opportunities. My play portfolio made a 10x return after the financial crisis because of knowing key sectors and having cash.
Likewise, I had a nice bitcoin hit that could have been a 1000x play, but to be honest I got out to buy a car, which in retrospect was a very dumb decision!