Saudi Prince Losing Money

from the look-at-that-portfolio-drop dept

Wed, Aug 30th 2000 5:34pm — Mike Masnick

A look at the portfolio of stocks that Saudi Prince Alwaleed bin Talal invested in at the beginning of the summer. He invested approximately $300 million in stocks such as Amazon, eBay, Priceline, DoubleClick, ICG and InfoSpace. The portfolio, however, has now been cut nearly in half. I think I agree with the overall assesment, though, that he picked stocks that will be strong years from now. He just chose to invest a few months too early.

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Caleb, 30 Aug 2000 @ 5:42pm

I disagree
Amazon, ebay and doubleclick and others are a dying breed of website. Although Amazon may offer products that are valuable, many people dislike that company for its software patents, and these people like myself boycot Amazon. The others don't offer a real product but instead a service that other companies like auctionwatch offer with less advertisement and more feature rich.

But fear not, for all these companies will disappear when the revolution comes. When money loses all value and people are recognized for what they create, not where they work.
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Mike (profile), 30 Aug 2000 @ 6:00pm

Re: I disagree
While I do think that all of these companies have the potential to simply flame out and die for a variety of reasons, I also tend to believe, for the most that these are companies that actually may be able to change with the times, and have something real and sustainable come out of it. Of course, I have no idea if this is true or what other circumstances will come into play.

Of course, major world changes like "the revolution" would cause me to re-evaluate how I feel about those companies. But, until the revolution is complete, or other evidence is offered my way, I'll wait and see...
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