Author here. Thanks for all the comments, I've been hesitant to post this to the court of public opinion, yet curiosity about what the HN community would think caused me to push the button. My lawyers - who were really excellent - represented me (on contingency!) because it seemed the chance of a judge not accepting a motion to dismiss (for a variety of reasons I don't want to detail here) was non-zero. And the process of discovery would be very costly for NVIDIA with depositions from many executives who have better things to do.
As a 14 year old in 1995 I advised family to put the proceeds from the sale of a house into Microsoft stock, which based on a cursory search would have ended up as some absurd number. One online calculator I'm looking at says $204,000 of stock in 1994 would be $41.2 million today after multiple splits and increase in share value. But nobody takes investment advice from 14 year olds who've spent too much time reading USENET and talking to people on IRC.
Even if they'd only put a fraction of it into MSFT and held it until only 2003 or 2004 it would have been far more than enough to retire on comfortably.
I still listen to 14 year old me when it comes to investments, like when in 2016 they whispered “GPUs are going to be hot shit because of this CUDA stuff. And games.” in my middle aged brain.
Gonna listen to my kid when she’s 14, too, as it’s been a strategy that has paid off to date.
Eric_Gullichsen · · focus · HN ↗
djmips · · focus · HN ↗
walrus01 · · focus · HN ↗
Even if they'd only put a fraction of it into MSFT and held it until only 2003 or 2004 it would have been far more than enough to retire on comfortably.
madaxe_again · · focus · HN ↗
Gonna listen to my kid when she’s 14, too, as it’s been a strategy that has paid off to date.