Saudi Prince Losing Money

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

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.

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Saudi Prince Losing Money”

Subscribe: RSS Leave a comment
Caleb says:

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.

Mike (profile) says:

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…

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...