22-11-2011, 02:41 PM
(22-11-2011, 12:45 PM)greypiggi Wrote: well.. he somehow managed to accumulate 100M... so unless he inherited it... there must be some skill or ability there.
Or dumb luck?
' Wrote:The stock is Cosco Corp, which went from 10 cents in March 2003 to $8.20 in October last year - an 82 times jump. It is now trading at less than 70 cents.
Maybe that's how he got his $100M? Riding it all the way up would 'only' require $1.2195M to begin with; and then now all the way back down...still 7x more than cost (IF he got it at 10cents) when the article was written.
I guess the truth probably lies somewhere in between.