$Amzn #logicalfallacies 1. One hears statments like this all the time - $10,000 invested at Amazon IPO would be $9.5 million today. Awesome right ? This is basically promoting the buy and hold strategy. I am a strong proponent of it BUT.... 
$Amzn #logicalfallacies 2. This is all hindsight bias. Are graphs of companies that were market darling but going to zero ever discussed? Here is one 40 yr chart. $5 in 1980, $ 2 today. Make a guess.
$Amzn #logicalfallacies 3. Let us focus on Amazon and talk about ONE person who knows the company the best. @JeffBezos Does anyone know his net worth today ? $1832 * 78,893,033 shares (16.3% ownership) = $144.5 Billion. Impressive right ? NOT REALLY !!! You ask me why?
$Amzn #logicalfallacies 4. Does anyone know what was Bezos ownership in Amazon at the time of the IPO? 4 April 1997 proxy filing -9,885,000 shares 41% ownership. Now let us rework that number based on todays share count. This will be 199,000,000 shares. HOLD on to that number !
$Amzn #logicalfallacies 5. If @JeffBezos had held on to his shares from 1997, today he should be in control of 199 million shares of Amazon through splits and dilution, etc etc. That is 20X more shares than 1997.
$Amzn #logicalfallacies 6. What would be the value of those 199 million shares today? 199 * $1840 = $366 BILLION.
$Amzn #logicalfallacies 7. So if @JeffBezos had followed the BUY and HOLD strategy in his OWN company, he would be richer by 366- 144.5 = $221 BILLION. What FOOL does not understand this Math? Who is this stupid to let go off $221 billion over 20 years- I know one @JeffBezos !!
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