If you had bought $1000 worth of Amazon stock at its IPO price in 1997 you would have close to $700,000 today. Even if you were a little slow to the game, $1000 at a share price of twice the IPO would have still seen a reward of over $300,000.
In 2003 I enrolled in a semester of college because it deferred my feelings of feeling like a loser…it’s more common than you might think. When you told people that you were going to school it gave them the idea that you weren’t a bum. A “loser” is just a more current term for “bum.”
The price of textbooks were and probably still are extremely expensive. I had heard of Amazon but had never even browsed their website. At that time Amazon was only selling books, at least in Canada. Things can take forever to get rolling up here because no one cares about a huge land mass with a relatively small population.
I happened to find a brand new copy of the book that I needed and it was substantially cheaper than even a used copy at the school bookstore. I paid and it arrived. I wonder if Amazon’s name is derived from the word “amazing” because that’s what I thought about the whole experience. It was a sign! If I had bought Amazon stock at that time in 2003 I would have still made 50 times my money.
I’m talking shit of course because I had no money in 1997 nor did I even know about Amazon or anything about buying stocks. Even if I invested what little money I did have in 2003 I would have sold the stock as soon as it went up 20% which would have just led to me being even more pissed off about life than I have been.