Post #350 by Smufty2 on the Falling Knives board

Investment Strategies / Falling Knives

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Funny... my father received a phD in physics from Stanford in 1973. A few of his colleagues in the department went on to join Intel in the early 1970's when it was only several years old. They became wealthy because of that decision. I remember that sometime before the huge 2000-1 bubble ,they told my father they were selling out of the company because they did not believe in its future. That sell price must have been less than $10 per share and there was probably only one, maybe two, more 2:1 splits were left in its future. Seeing the current share price, it seems they were right, and there were substantially far better investments for the next 25 years.

Smufty

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