After a 30-Year Run, Rise of the Super-Rich Hits a Wall

Re:After a 30-Year Run, Rise of the Super-Rich Hits a Wall by bprater on Friday August 21, 2009 @12:18AM (#776969)

$100mm to $4mm? Ouch.

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Re:After a 30-Year Run, Rise of the Super-Rich Hits a Wall by sharpn on Friday August 21, 2009 @01:22AM (#777039)

Fair comment, but just how tangible was that $100mm valuation? McAfee anti-virus software appears to have grown primarily through paying for pre-installed trial version placement on new pcs - not through being a 'better product'.

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Re:After a 30-Year Run, Rise of the Super-Rich Hits a Wall by dhouston on Friday August 21, 2009 @04:24AM (#777196)

Article said a couple years after going public he sold his remaining stake, bringing his total gains to $100mm (presumably cash.)

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Re:After a 30-Year Run, Rise of the Super-Rich Hits a Wall by dkersten on Friday August 21, 2009 @08:06AM (#777364)

The he probably invested in banks (AIG?) and property and got recessioned down to $4M. Or something like that, anyway.

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Re:After a 30-Year Run, Rise of the Super-Rich Hits a Wall by knightinblue on Friday August 21, 2009 @10:08AM (#777539)

If you read the article, it says he invested heavily in Lehman Brothers.

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